Cryptocurrency and ICO news 11.06.2018

Netherlands finds blockchain promising, but insufficient for now

The central bank of the Netherlands (DNB) after a three-year test concluded that blockchain technology cannot currently meet the needs of a financial market infrastructure. The test indicated that the solutions cannot meet financial market infrastructure needs, including efficiency, safety, reliability authorization, availability, resilience, payment finality, scalability, cost, capacity and sustainability.

On the other hand, distributed ledger technology could improve payment efficiency of different currencies, the report noted. DNB continues to find blockchain technology promising, and believes it is possible new algorithms could meet all requirements for financial market infrastructure. The bank continues to experiment with the technology.