During a speech in London, Victoria Cleland of Bank of England explained that the central bank is exploring the financial technology, creating a startup accelerator to help financial projects.
Cleland commented:
“Blockchain is still in its infancy, and there are numerous questions that need exploring. The Bank has already undertaken a proof-of-concept using this technology and we are looking for new opportunities through our FinTech accelerator.”
A similar idea was developed by the Bank of Canada, who aims at creating a new cryptocurrency called CadCoin, as well as the Dutch Central Bank that planned to develop a new blockchain called “DNBCoin”.
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