Sentences with phrase «distributed by a central bank»

Not exact matches

Bitcoin has, however, served to stimulate interest in the potential offered by distributed ledgers, extending to the possibility of central - bank - issued digital currencies.

During the visit, Chen mentioned distributed ledger technology as one of the key components to the «development and application of fintech,» and highlighted that he and Xing Yujing, the head of the People's Bank of China Shenzhen Central Sub-Branch, agreed that mainland China should reinforce a solid relationship with the Hong Kong and Shenzhen financial sectors by engaging in «pilot schemes» in order to support «the process of the nation's reform and opening - up.»

Deutsche Bank published a report in October outlining exactly how central banks might adopt distributed ledger technology, which too echoed the sentiments of a thought piece penned by St. Louis Fed economist David Andalfatto earlier this year.

If the way that money is created and distributed by central or commercial banking institutions seems unjust to you then you may enjoy the possibilities that Bitcoin enables.

On March 3, 2017, Powell criticized the issuance of digital currencies by a central bank and praised the use of distributed ledger technology.

The currency is created and distributed over a P2P network, and the developers hope to attract users by exploiting some people's disaffection with the government - controlled central banks that control conventional money.

Oliver has acted as advisor to established companies in different sectors on how best to adopt / use crypto - currencies and helped a number of central banks by providing thought leadership in the Blockchain / Distributed Ledger Technology and Crypto - Currencies.

Smart contracts will only be able to make fiat currency payments when some representation of fiat is put onto a blockchain or distributed ledger, by an entity with the legal ability to do this, whether it's a commercial bank or central bank or payments institution.

In India, one of the Reserve Bank of India's deputy governors has encouraged local banks to work with a research outfit previously established by the central bank on blockchain projects, saying banks should work to develop applications for digital currencies and distributed ledgBank of India's deputy governors has encouraged local banks to work with a research outfit previously established by the central bank on blockchain projects, saying banks should work to develop applications for digital currencies and distributed ledgbank on blockchain projects, saying banks should work to develop applications for digital currencies and distributed ledgers.

Governments and central banks all over the world are gradually warming up to the idea of leveraging the unique advantages offered by blockchain technology — low - cost transactions permanently recorded in tamper - proof distributed ledgers...

While largely written in broad strokes, the paper reiterates a position expressed in the past by ECB officials - namely, that the central bank isn't likely to tap distributed ledgers in the near future.

Professional services firm Accenture has today announced it has been hired by Singapore's de facto central bank to develop distributed ledger prototype systems for processing interbank payments.

The latest annual report from the European Central Bank, reiterated a position expressed in the past by ECB officials — namely, that the central bank isn't likely to tap distributed ledgers in the near Central Bank, reiterated a position expressed in the past by ECB officials — namely, that the central bank isn't likely to tap distributed ledgers in the near futBank, reiterated a position expressed in the past by ECB officials — namely, that the central bank isn't likely to tap distributed ledgers in the near central bank isn't likely to tap distributed ledgers in the near futbank isn't likely to tap distributed ledgers in the near future.

Yao also lauded the security afforded by distributed ledger technology, although he noted that central banks should not be limited to the confines of currently existent blockchain encryption algorithms but should rather continue to develop these algorithms to accommodate the unique needs of the banks themselves.