Asian banks develop blockchain-based customer identity platform

OCBC Bank, HSBC, MUFG, IMDA complete proof-of-concept KYC blockchain — Digital News Asia — “The KYC [Know Your Customer] blockchain – running on a Distributed Ledger Technology (DLT) platform which enables structured information to be recorded, accessed and shared across a distributed network using advanced cryptography – allows banks to collect, validate and share customer information – with the customer’s consent – accurately, efficiently and in a secured manner.”


Germany’s central bank reports on potential of blockchain for payments

Bundesbank sees benefits in blockchain technology — Deutsche Bundesbank — “The Bundesbank’s experts see little prospect of DLT [distributed ledger technology] being put to widespread use in the field of individual and retail payments given the current state of the art… They see more potential for DLT in payments beyond the European currency area… There is currently no realistic prospect of central bank-issued digital currency being rolled out in the foreseeable future.”


Public-private sector digital currency experiment releases results of phase II

Public-private sector digital currency experiment releases results of phase II — Payments Canada — “The Bank of Canada, along with Payments Canada, R3 and seven commercial banks, today disclosed the results of phase II of Project Jasper, an experimental wholesale interbank payment system, using digital ledger technology (DLT)… The results show that, despite progress made, underpinning an entire wholesale payments system with DLT still faces many hurdles.”


Feed for stories about Digital ledger technology (DLT).