Bundesbank Ridicules Blockchain: Not a ‘Breakthrough’ Technology

2019-5-30 22:07

By CCN: The president of Bundesbank – Germany’s central bank –  is not impressed by blockchain, despite the technology experiencing increased adoption in other sectors. German Central Bank: Blockchain Slow & Expensive According to statements made in Frankfurt on May 29, Bundesbank President Jens Weidmann claimed that a trial project to integrate blockchain failed miserably.

As opposed to improving the bank’s operations, blockchain was slower and more costly, leading the president to conclude the technology failed to bring a “breakthrough” to the banking industry. The trial project was a joint effort between the Bundesbank and Deutsche Boerse launched in 2016,

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Источник: ccn.com

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