BoE Accelerator Will Focus On Blockchain Pilots

The Bank of England (BoE) is ramping up its efforts to research and develop fintech and understand distributed ledger technology (DLT). During the recent launch of UK’s FinTech Accelerator program, BoE chief cashier Victoria Cleland discussed the firm’s technology options with blockchain protocol.  

Also read: Bank of England: Digital Currency Can Raise GDP ‘By Almost 3%’

BoE Executive Says DLT Questions Need Exploring

A plaque depicting Britannia is seen on the outside of the Bank of England in the City of London February 4, 2010. Britain's Bank of England put a hold on its unprecedented 200 billion pound asset-buying programme for the first time in 11 months on Thursday, but left the door open for more so-called quantitative easing if the economy relapsed. REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS) - RTR29TSM

The BoE accelerator began in London, focusing solely on RD efforts in a working partnership with fintech firms. The program will develop innovative technologies on “issues that matter to the Bank’s mission and operations,” the company said.

Cleland’s speech focused around the bank’s intentions to explore fintech and distributed ledger technology. She said:

We also need to understand the technology options. Could, and should CBDC be delivered

Read more ... source: TheBitcoinNews