Bank of Japan Tests Blockchain Settlement for Bank Deposits in New Sandbox

Bank of Japan Tests Blockchain Settlement for Bank Deposits in New Sandbox The Bank of Japan has launched a sandbox study to assess whether blockchain can be used to settle reserves that commercial banks hold at the central bank. Governor Kazuo Ueda talked about the project at the FIN/SUM conference in Tokyo. He talked about tests that are focused on leveraging central bank money, including current account deposits, in distributed ledger systems. Emphasis on Interoperability Ueda said the main goal was to ...