{"id":15713,"date":"2021-01-26T10:28:06","date_gmt":"2021-01-26T10:28:06","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15713"},"modified":"2021-01-26T10:28:06","modified_gmt":"2021-01-26T10:28:06","slug":"central-banks-rising-interest-in-blockchain-technology","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/central-banks-rising-interest-in-blockchain-technology\/","title":{"rendered":"Central Banks\u2019 Rising Interest in Blockchain Technology"},"content":{"rendered":"<p>MINDSMITH, a technology think tank, recently carried out a semantic analysis of publications from 191 central banks around the world. Interestingly, they found that 74% of the world&#8217;s central banks are taking an active interest in blockchain technology. According to the MINDSMITH research, the 7 most common blockchain uses central banks are exploring are:<\/p>\n<ul>\n<li><strong>Central bank retail digital currencies<\/strong> \u2013 a digital currency issued by a central bank that is available for use by the public and serves as a supplement or replacement for physical funds and an alternative to traditional bank deposits<\/li>\n<li><strong>Wholesale digital currencies<\/strong> \u2013 a digital currency issued by a central bank available only to commercial banks and clearing houses<\/li>\n<li><strong>Interbank securities settlement<\/strong> \u2013 a way for enabling rapid interbank clearing and securities settlements<\/li>\n<li><strong>Payment system stability<\/strong> \u2013 the use of blockchain as the main or backup internal interbank payment and settlement system in order to ensure data safety and the continuity of operations<\/li>\n<li><strong>Issuance and lifecycle management of bonds<\/strong> \u2013 the application of blockchain in auction and bond issuance or other bond life cycle processes<\/li>\n<li><strong>KYC and AML procedures<\/strong> \u2013 the application of blockchain in KYC\/AML procedures to track and share relevant payment and customer identification information<\/li>\n<li><strong>Data exchange platforms<\/strong> \u2013 the use of blockchain to create alternative systems for the exchange of information and data between government agencies and regulators<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15713 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Infographic: COVID-19 boosting banking\u2019s focus on digitalization'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-covid-19-boosting-banking-s-focus-on-digitalization\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/infogr_en-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15496\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15496'>\n\t\t\t\tInfographic: COVID-19 boosting banking\u2019s focus on digitalization\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='EU financial institutions facing unprecedented challenges'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/eu-financial-institutions-facing-unprecedented-challenges\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/06\/4d16d045-4770-45d1-a9af-7ed62301325e1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15060\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15060'>\n\t\t\t\tEU financial institutions facing unprecedented challenges\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='\u201cAs-a-Service\u201d Set to Define the Next Era of Banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/as-a-service-set-to-define-the-next-era-of-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2023\/07\/aee9eac5-0c4b-c58d-06d0-0ca9c2e239051-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17228\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17228'>\n\t\t\t\t\u201cAs-a-Service\u201d Set to Define the Next Era of Banking\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>MINDSMITH, a technology think tank, recently carried out a semantic analysis of publications from 191 central banks around the world. Interestingly, they found that 74% of the world&#8217;s central banks are taking an active interest in blockchain technology. According to the MINDSMITH research, the 7 most common blockchain uses central banks are exploring are: Central &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15713"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15713"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15713\/revisions"}],"predecessor-version":[{"id":15714,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15713\/revisions\/15714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15701"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}