British government seems to have seriously approached the issues of implementing fintech innovations in its operations. Speaking at London’s Digital Catapult, a government-funded think tank, Cabinet Office minister Matt Hancock stated: “We’re exploring the use of a blockchain to manage the distribution of grants. Monitoring and controlling the use of.
Researchers from the University College of London have developed a digital currency system resembling Bitcoin on the request from the Bank of England, the country’s central bank. Dubbed RSCoin, the system is based on distributed ledger technology and allows for fast and convenient transfer of digital values. However, as opposed.
Minouche Shafik, Deputy Governor, Markets & Banking Bank Of England, stated the bank considers using the distributed ledger technology in its new infrastructure. Speaking at the Bank of England on Wednesday, she said that legacy payment and settlement systems have “changed dramatically”. Indeed, when it comes to settlement, the current.