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Mario Marcel, Governor of the Central Bank of Chile, has said that while central bank digital currencies (CBDCs) can be beneficial, these do not necessarily need blockchain.

comments at a panel discussion on the OECD’s Global Blockchain Policy Forum last week. He added that CBDCs are “not a novelty” concept and exist since the first real-time gross settlement (RTGS) systems were around.” data-reactid=”19″>Marcel made the comments at a panel discussion on the OECD’s Global Blockchain Policy Forum last week. He added that CBDCs are “not a novelty” concept and exist since the first real-time gross settlement (RTGS) systems were around.

The Governor explained that blockchain technology is more useful when several participants of a given system need to have access to a ledger of information and/or when participants “do not necessarily trust each other (and therefore proof of work requirements make the register almost immutable).”

(Excerpt) Read more Here | 2019-09-19 10:40:00

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