This week, the Financial Times reported that the IMF, (International Monetary Fund) and the World Bank, are launching a Learning Coin on a private blockchain to gain a better understanding of how blockchains work.
In a statement, the IMF said:
The development of crypto-assets and distributed ledger technology is evolving rapidly, as is the amount of information (both neutral and vested) surrounding it. This is forcing central banks, regulators and financial institutions to recognise a growing knowledge gap between the legislators, policymakers, economists and the technology. This project begins to bridge that gap and form a strong knowledge base of the technology among IMF and World Bank staff.
what do you think will be the implications?
https://www.altcoinsidekick.com/blog/chain-reactionIf central banks decided to build a blockchain it will be a lot different from what we have right now. The blockchain we have now and cryptocurrencies are not being regulated , but whatever central banks will use to offer will he regulated and they are not going to do it in a way to replace banks and the current monetary system , it will just be a way for them to improve their services and make things faster and more transparent. We dont know yet, we can only hope for the best to happen and nothing else.