German Central Banking Workshop Focuses on Blockchain

[Jimmy2Times]

Germany Hosts Blockchain Central Banking Event

From November 21-24, the event called “Blockchain Technology – Opportunities and Challenges” will discuss emerging digital protocols. The workshop will take place at the Bundesbank Conference Centre in Eltville. Additionally, this will be followed by a social “study trip” at the Frankfurt School of Finance & Management in Frankfurt city. The four-day event will focus on blockchain technology and bitcoin’s relevance as a payment solution.

https://news.bitcoin.com/central-banking-workshop-blockchain/

[lloyd crustacean]

Why do they need a blockchain ? Can't run a database anymore ? Should I be worried about my bank savings ? I still have to meet that one person that can explain to me what a bank does with a blockchain.

[ethereumhunter]

one another big europe country want to use blockchain technology and i think its a good movement from germany because i heard germany is one of the country that really care about the new technology especially if its related with economic and technology. and i hope that this workshop is really make a good result for bitcoin and us.

[keyboard warrior]

Why do they need a blockchain ? Can't run a database anymore ? Should I be worried about my bank savings ? I still have to meet that one person that can explain to me what a bank does with a blockchain.

They can use blockchains to store unalterable records in. Any bank could check a record and know it was legit without needing to trust any other bank. Banks do business between themselves, and they often have to move massive amounts of money to a bank on the other side of the world. Keeping records of that in a blockchain would be safer than in a database because a database can be altered. but a blockchain cannot.

[Przemax]

Deutsche Bank is having a lot of problems with credibility after they had a lot of bad investments. In my opinion its just a desperate measures to increase their own credibility. People talk a lot about a problems of dolar and noone tells about german central bank which is in my opinion in worse shape then FED.

But yeah if they need the blockchain technology we might suspect people start to disbelieve their solvency.

[CoralPay]

Deutsche Bank is having a lot of problems with credibility after they had a lot of bad investments. In my opinion its just a desperate measures to increase their own credibility. People talk a lot about a problems of dolar and noone tells about german central bank which is in my opinion in worse shape then FED.

But yeah if they need the blockchain technology we might suspect people start to disbelieve their solvency.

Agreed. DB is offering zero-fee debit cards to fill up their reserve. Look at the charts and see yourself how bad is going https://finance.yahoo.com/chart/DB