Quote from: vanhalendlrband on May 26, 2017, 04:08:13 AM

Quote from: Mrpumperitis on May 26, 2017, 02:12:45 AM

daaaamnnnn
may need to delay left for time being...

i just saw this a few min ago
https://www.reddit.com/r/Ripple/new/
https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381
By Solarina Ho

TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems.

The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks.

"The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president.

"At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT."

Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada.

Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority.

this isnt the end...its just one bank saying they wont use blockchain for time being...
again research and decide your next move carefully guys...
hopefully some good news will come aswell

If you're Canadian you know this is how typical Canadian government runs. Nothing not even life-saving medications are approved first go around with Canadian governments.

The Bank Of Canada is also the center of a lot of controversy and like most Canadian government organization they're very slow and behind the times always.

Guaranteed they will adopt it at one point. This is always how it works here. Not at all a shocker to me. I'm sure they let everyone know by telegraph too.

Thanks for the insight for those who have not been to or does not know much about the Canadian way of doing things. This is really helpful.

I was kind of asking the question in the back of my head: How come Japan says it can work but Canada says it can't.. surely it would be possible for Canada too..