How Sovereign Banks May Benefit from Adopting Blockchain-based Distributed Ledgers

Colleagues, the Bank of England, Singapore’s Monetary Authority and the Bank of Canada and are planning to upgrade their inter-bank systems. Their goals include facilitating trans-border currency flows, disrupt the financing of terrorism, reduce money laundering and interface with private sector businesses. Then Bank of England published a Proof of Concept (PoC) paper in April of this year. Bottom line question: Will the sovereign banks of other developed nations follow? The Cryptocurrency Academy predicts that the US, China, Japan and Germany will carefully track and assess the implementation of Blockchain DLT over the coming 3-5 years before committing to adopt the technology themselves. Share a comment visit us today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)