Bank of Japan Fintech Head: Don’t Expect Central Banks to Lead DLT

While central banks around the world are taking an active interest in blockchain and digital ledger technology (DLT), we shouldn’t expect the institutions that manage money supplies to lead their development.

That was one takeaway from a new conversation with Bank of Japan deputy director general Yuko Kawai, head of the central bank’s fintech center. In an exclusive interview, Kawai discussed how blockchain is emerging as one of the “hottest topics” among central banks, and how her own institution is working to get up to speed on the technology.

Speaking on whether central banks should play a role in developing new platforms and technologies, she reported that her institution and its peers are looking to the private sector to provide the leading area of activity.

Kawai told CoinDesk:

“We believe technologies should be developed in the private sector. Talking about a global platform or the joint research between the public and private sectors, I don’t think we’re at that stage.”

Kawai pointed to the Japanese market as one where private institutions are already leading the charge, citing a consortium led by the Japan Exchange Group (JPX) as the epicenter of local research and strategy. JPX announced in March that

Read more ... source: CoinDesk

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