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Author Topic: [2016-08-26] Public blockchains gaining acceptance at Bank of Japan’s Payment  (Read 184 times)
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August 27, 2016, 07:01:43 AM

A summary of the Bank of Japan Forum on Payment and Settlement systems, released on Friday, revealed that public blockchains were discussed in a positive light. Banks and financial institutions typically focus on projects using private blockchains, where a greater amount of privacy and control can be held by the issuer. Their public counterparts, such as Bitcoin’s blockchain, are usually sidelined.

The Bank of Japan (BoJ) Forum was held on March 17 and 18, with 49 companies and organizations participating on the first day and 45 on the second. Kenji Hoki, a Senior manager at one of Japan's leading audit corporations with approximately 5,600 professionals, KPMG AZSA LLC, delivered the opening presentation.

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August 27, 2016, 01:28:42 PM

Even if the Central banks are looking at public blockchains in a positive light. Don't think they will do their financial transactions in the eye of the public, they would rather have their own private blockchain with a coin to go with it. Grin
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