Bank of England to Explore Distributed Ledger Tech for Settlement

The Bank of England has indicated it will consider the impact of distributed ledgers as part of a plan to modernize the country’s settlement system.

During a speech given at the Bank of England yesterday, Minouche Shafik, the central bank’s deputy governor for markets and banking, laid out a four-point vision for the initiative, which has the mandate to deliver goals by the end of this year, with technological development beginning in 2017.

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