Behind on Blockchain? Central Banks Are Catching Up Quick

Noelle Acheson is a 10-year veteran of company analysis and corporate finance, and a member of CoinDesk’s product team.

The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday, exclusively to our subscribers.

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A traditionally opaque and conservative sector is becoming more transparent and active in its approach to innovation research – I’m talking about central banks.

Bank of Japan, Bank of England, Bank of Korea, the National Bank of Cambodia, the Reserve Bank of Australia, the Hong Kong Monetary Authority, Bank of China.

I could go on, but you get the picture. All are emerging as early and active on blockchain and DLT. Now, compare this to a few years ago.

Going over CoinDesk articles from 2013 and 2014, you see that most headlines with the words ‘central bank’ in them also included the word ‘warning’. It wasn’t until mid-2015 that attention turned away from the potential threat of cryptocurrencies to the intriguing potential of the underlying technology.

A natural evolution, you say? Perhaps, but with some nuances.

A late start

Commercial bank interest in blockchain technology, by contrast, started much earlier.


Read more ... source: CoinDesk

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