Tag Archives: DLT

Bank of England To Test Blockchain Features For New Payment System

Bank of England To Test Blockchain Features For New Payment System

The Bank of England is undertaking a proof-of-concept (PoC) to understand how the renewed Real Time Gross Settlement (RTGS) service could be capable of interacting with Distributed Ledger Technology (DLT), according to the bank’s statement on March 27. Real Time Gross Settlement systems are special payment systems where the transfer of funds is conducted between banks in […]

Taipei Partners With IOTA To Become A Blockchain-Powered Smart City

Taipei Partners With IOTA To Become A Blockchain-Powered Smart City

Taipei, Taiwan is seeking to become a smart city by utilizing the power of Distributed Ledger Technology (DLT), or Blockchain. The city has chosen to partner with IOTA, the inventors of the so-called Tangle technology for the Internet of Things (IoT), to provide a number of new technology features for residents. Wei-bin Lee, Commissioner of the Department of Information Technology in Taipei […]

Bitcoin Takes All? Enterprise Blockchains Need Time, Too

Bitcoin Takes All? Enterprise Blockchains Need Time, Too

Last week I described how bitcoin, as a deflationary currency, encourages delayed gratification. Now there’s evidence that bitcoin’s straight-laced twin, enterprise blockchain technology, requires such an attitude as well. Overshadowed by the bitcoin price action, the enterprise use case  – and one of its most prominent evangelists – scored a major advance last week. But it was a hard-won […]

European Central Bank Calls for DLT Post-Trade Interoperability

European Central Bank Calls for DLT Post-Trade Interoperability

Researchers at the European Central Bank (ECB) have published a new research report on the impact of distributed ledger technology (DLT) on the harmonization of post-trade settlement systems. Released by the Advisory Group on Market Infrastructures for Securities and Collateral late last week, the 134-page report examines the technology’s possible effect on a variety of services that […]

EU Budget Amendments Call For Millions in Blockchain Funding

EU Budget Amendments Call For Millions in Blockchain Funding

As many as four blockchain-related amendments, funding various initiatives, could find their way into the European Union’s 2018 budget. Public documents published yesterday reveal a proposal to use blockchain as a payments rail for an EU-wide free Wi-Fi access project, as well as funding proposals for two working groups dedicated to the tech. There are […]

‘End of Life Cycle’: BIS Report Positions DLT as Needed Banking Update

‘End of Life Cycle’: BIS Report Positions DLT as Needed Banking Update

The Bank of International Settlements (BIS) has published a report arguing that distributed ledger technology (DLT) could help central banks replace their ageing payment systems. BIS, which is effectively a bank for central banks, commissioned the report to look at both DLT and cryptocurrencies with the aim of clarifying their applicability in a central banking context. While […]