Blockchain Revolution Won’t Happen ‘Any Time Soon’, Says Bank of England Official
A senior #Bank of #England #official doesn’t believe widespread #blockchain adoption will #happen anytime #soon.
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Bank of England Considers Blockchain Compatibility for Settlement Service
The UK’s central #bank said last week that it wants its next-generation #settlement system to be #blockchain-compatible.
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Bank of England Seeks to Accelerate Blockchain Work
A senior #Bank of #England official says the central bank’s #fintech accelerator is looking for new #blockchain opportunities.
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Bank of England Gets into Fintech Space with Accelerator for Innovations
The Old Lady is aiming to keep pace with challenges by inviting #fintech firms to participate in its new initiative
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Bank of England Fintech Accelerator Partners with PwC on distributed ledger Proof of Concept
A team of PwC’s specialists in DLT and testing worked alongside the #Bank to design and carry out a #Proof of #Concept to investigate the capability of #distributed #ledger #technology – which creates a single shared view of transactions, allowing every participant simultaneous access to a shared view of information.
The Proof of Concept was built to explore the potential opportunities and challenges of using DLT for payments settlement.
Nick Bouch, financial services data leader and partner at PwC, said:
“This is a significant piece of work and PwC are very excited to have been able to support the Bank in developing their first DLT Proof of Concept, which will enable the Bank to gain a better awareness of DL from both a technology and policy perspective.”
Rob Elsey, Chief Information Officer for the Bank of #England, said:
“This Proof of Concept brought to life the core features of distributed ledgers, greatly enhancing the Bank’s understanding of DLT. With PwC’s support, the Bank’s developers used the latest techniques and software to deliver this POC and have gained further skills that will enable additional rapid Proof of Concepts in the future.”
For more information on #blockchain please visit PwC
The post Bank of England Fintech Accelerator Partners with PwC on distributed ledger Proof of Concept appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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Bank of England Explores Blockchain, Says Digital Currency is Far Off
The #Bank of #England is continuing to explore distributed ledger #technology as part of a wider embrace of financial technology.
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