BoE on the potential of the blockchain!!

[rosyantony]

The Bank of England has updated its payment system using distributed ledger technology in order to boost the development of blockchain in Britain.

BoEs is aiming to modernize its Real-Time Gross Settlement system (RTGS) which is necessary for banking and trading in Britain. It also manages the transaction worth of ‎£500 billion yearly, or handle a third of the country’s economic output. However, the updated system is to be launched in 2020 with challenging to cyber-attacks. Therefore it can also be widely available to all small business.

[hugeblack]

I do not see anything new coming with this news, as all the banks say "OK" to the blockchain technology.
Also, the bank aims at a long-term policy to curb hacker's attacks by developing a system "blockchain or whatever" until 2020.
In general, if this is true, we may see in the future that all financial systems built on blockchain "Centralized --> banks and decentralize ---> cryptos."