BoE outlines DLT proof of concept
Participants will access cloud-based platform which will simulate new RTGS system
The Bank of England is working on a proof of concept of distributed ledger technology (DLT) as part of the overhaul of its real-time gross settlement system (RTGS), it announced today (March 28).
Fintech companies Baton Systems, Clearmatics Technologies, R3 and Token will work with the BoE on the project, the results of which will be presented later this year.
Participants in the project will have access to a cloud-based platform developed by the BoE. This will replicate a version of the
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