http://www.bankofengland.co.uk/Documents/fintech/fintechpocdlt.pdf
The Banks technology teams built and deployed a multinode scalable distributed ledger environment on the
Ethereum protocol. Key features of distributed ledger that were tested in our POC included cons
ensus via a
proof of work mechanism, resilience, transparency, smart contracts and data integrity.
sweet
The Banks technology teams built and deployed a multinode scalable distributed ledger environment on the
Ethereum protocol. Key features of distributed ledger that were tested in our POC included cons
ensus via a
proof of work mechanism, resilience, transparency, smart contracts and data integrity.
sweet
and why did the BoE choose Ethereum? it chose Ethereum because it gives the central bank control. Ethereum has a reset button. old habits die hard. Ethereum is not a decentralised system. it can be controlled and manipulated from the centre.