• Latest
Germany’s Central Bank Claims Success in Blockchain Settlement Trial

Germany’s Central Bank Claims Success in Blockchain Settlement Trial

October 25, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Germany’s Central Bank Claims Success in Blockchain Settlement Trial

coinnewsdaily by coinnewsdaily
October 25, 2018
in Business
0
Germany’s Central Bank Claims Success in Blockchain Settlement Trial
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Deutsche Bundesbank, Germany’s central bank, and Deutsche Börse, owner of the Frankfurt Stock Exchange, have completed a blockchain trial investigating the technology’s potential in securities settlement.

The two announced in a joint press release Oct. 25 that two blockchain prototypes built to their specifications had “successfully” supported the settlement of securities transactions, payments (including interest) and bond repayments at maturity.

The project got started in March 2016, when both parties launched BLOCKBASTER (for blockchain-based settlement technology research) project – aimed to create “a conceptual prototype” for blockchain-based system to transfer and settle securities and fiat currency.

The prototypes were developed on Hyperledger Fabric and the blockchain platform created by Digital Asset (DA), which is notably also working with the Australian Securities Exchange to replace its CHESS system in 2020.

According to the release, the tests showed that the prototypes are ble to facilitate the “productive operation of a realistic financial market infrastructure.” Recent upgrades of both blockchain platforms could further improve performance if integrated, it adds.

“The tests have shown that blockchain technology is a suitable basis for applications in the field of settlement and other financial infrastructures,” said Berthold Kracke, CEO of Clearstream Banking and head of Clearstream Global Operations at Deutsche Börse Group.

Burkhard Balz, member of the executive board, Deutsche Bundesbank, added the firms expect the development to continue apace, and that they see “potential in using it for high-volume applications.”

He added:

“The approach of a permissioned architecture, which takes into account the requirements of the financial sector from the outset, has proven to be right.”

As in other industries, blockchain technology is increasingly being eyed by major firms as a means to improve payment and settlement systems. Just yesterday, U.K.-based settlement infrastructure provider SETL was granted a license from France’s securities regulator to operate a central securities depository system using blockchain tech.

The Singapore Stock Exchange, South Africa’s central bank and Bank of Canada have all been conducting similar blockchain trials.

Deutsche Bundesbank building image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
Share76Tweet48
Previous Post

Optherium: Global Finance Blockchain Infrastructure

Next Post

UK Royal Mint Says Market Conditions Led to Blockchain Gold Plan Freeze

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
UK Royal Mint Says Market Conditions Led to Blockchain Gold Plan Freeze

UK Royal Mint Says Market Conditions Led to Blockchain Gold Plan Freeze

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,266.001.59%
  • ethereumEthereum(ETH)$1,681.522.82%
  • tetherTether(USDT)$1.00-0.13%
  • binancecoinBNB(BNB)$332.011.29%
  • rippleXRP(XRP)$0.4007911.63%
  • cardanoCardano(ADA)$0.3990503.07%
  • dogecoinDogecoin(DOGE)$0.0925801.67%
  • matic-networkPolygon(MATIC)$1.284.69%
  • okbOKB(OKB)$45.753.43%
  • solanaSolana(SOL)$23.923.51%
  • shiba-inuShiba Inu(SHIB)$0.0000141.49%
  • polkadotPolkadot(DOT)$6.945.06%
  • litecoinLitecoin(LTC)$101.592.11%
  • tronTRON(TRX)$0.0661053.14%
  • daiDai(DAI)$1.000.00%
  • cosmosCosmos Hub(ATOM)$15.044.87%
  • chainlinkChainlink(LINK)$7.213.80%
  • ethereum-classicEthereum Classic(ETC)$23.143.21%
  • leo-tokenLEO Token(LEO)$3.360.13%
  • moneroMonero(XMR)$168.031.13%
  • bitcoin-cashBitcoin Cash(BCH)$135.622.11%
  • stellarStellar(XLM)$0.0920102.42%
  • filecoinFilecoin(FIL)$5.566.73%
  • crypto-com-chainCronos(CRO)$0.0837833.87%
  • algorandAlgorand(ALGO)$0.2807448.61%
  • vechainVeChain(VET)$0.0264169.97%
  • internet-computerInternet Computer(ICP)$5.875.95%
  • aaveAave(AAVE)$88.652.84%
  • eosEOS(EOS)$1.124.15%
  • elrond-erd-2MultiversX(EGLD)$47.794.64%
  • theta-tokenTheta Network(THETA)$1.198.84%
  • tezosTezos(XTZ)$1.247.24%
  • huobi-tokenHuobi(HT)$5.693.21%
  • paxos-standardPax Dollar(USDP)$0.99-0.31%
  • havvenSynthetix Network(SNX)$2.903.20%
  • bitcoin-cash-svBitcoin SV(BSV)$43.582.26%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.581.82%
  • dashDash(DASH)$66.193.60%
  • makerMaker(MKR)$810.3214.56%
  • iotaIOTA(MIOTA)$0.2521124.69%
  • neoNEO(NEO)$9.194.19%
  • zcashZcash(ZEC)$46.555.34%
  • zilliqaZilliqa(ZIL)$0.0310375.66%
  • basic-attention-tokenBasic Attention(BAT)$0.31409312.90%
  • compound-governance-tokenCompound(COMP)$57.888.40%
  • nemNEM(XEM)$0.0431554.89%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.134.50%
  • qtumQtum(QTUM)$2.984.95%
  • bitcoin-goldBitcoin Gold(BTG)$17.753.38%
  • sushiSushi(SUSHI)$1.545.47%
  • wavesWaves(WAVES)$2.824.47%
  • golemGolem(GLM)$0.2661165.84%
  • yearn-financeyearn.finance(YFI)$7,861.673.48%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.682.30%
  • ontologyOntology(ONT)$0.2438305.33%
  • digibyteDigiByte(DGB)$0.0114997.73%
  • umaUMA(UMA)$2.194.13%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%