Deutsche Bundesbank Sees Positive Results From Blockchain Checking Tests

0
453
Bitcoin News

Deutsche Bundesbank Sees Positive Results From Blockchain Checking Tests

Deutsche Bundesbank, the German central bank, and Deutsche Börse, the owner of the Frankfurt Stock Exchange, reported successfully completing the blockchain prototype tests.

Deutsche Bundesbank is the central bank of the Federal Republic of Germany and as such a part of the European system of central banks.

Deutsche Börse and Deutsche Bundesbank completed the evaluation tests of their jointly listed prototypes for settlement of securities, focused on blockchain technology.

Partners believe that the two prototypes support settlement of securities transactions, payments, interest payments, and also the repayment at the end of the term of the bond.

The goal of the Blockchain settlement project was to create a conceptual prototype for the transfer and settlement of both securities and blockchain-based funds.

The blockchain technology was launched on Hyperledger Fabric (version 1.0), as well as on a digital asset platform and subjected to demanding performance tests, said Deutsche Bundesbank and Deutsche Börse.

Firms said that tests during the blockchain settlement trial showed that both prototypes are suitable for productive work of a realistic financial market infrastructure, serving as a basis for further development.

In addition, the digital asset platform and Hyperledger Fabric have released new versions that could potentially improve performance, financial institutions said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here