Bank of England experiment tests RTGS with DLT in mind
DLT proof-of-concept participants suggest implementing “cryptographic-proof” model
Participants who took part in the Bank of England’s (BoE) latest real-time gross-settlement (RTGS) proof of concept have recommended making the new payments system capable of providing “cryptographic proof”.
The UK central bank invited four distributed-ledger technology (DLT) firms to take part in the experiment in March, to determine whether the new system could support “innovative payment technologies”.
“All participants confirmed the functionality offered by the renewed RTGS service would
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