The German central bank Deutsche Bundesbank, in partnership with Deutsche Börse, has revealed a functional blockchain prototype that trades securities. The Deutsche Börse Group, a marketplace organizer for settling shares and other securities, said the platform is more efficient than traditional standards.
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German Central Bank Is Developing Blockchain Technology for Securities
Deutsche Bundesbank and Deutsche Börse say they have built a blockchain application. The two organizations have also been researching and developing this technology for quite some time. Together they plan to further develop the distributed ledger prototype this year. Development will be focused on analyzing the technical benefits and scalability of the software.
“With the blockchain prototype, the Deutsche Bundesbank and Deutsche Börse want to work together to find out whether this technology can be used for financial transactions,