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Federal Reserve Blockchain Paper: read here

The US Federal Reserve Blockchain Paper is a new research about distributed ledger technology published by the American institution.

This new paper is about blockchain applications for payments and transaction settlement.

It was written by a research group composed by the Federal Reserve Board and botht the Federal Reserve Banks of New York and Chicago.

Although another research was published in the past by members of the Federal Reserve system,  this new document is the first major publication from the Federal Reserve Board.

However, the research paper covers a wide range of topics, including both a top-down view of the concepts behind blockchain.

Also, the US Federal Reserve Blockchain Paper talks about the challenges and opportunities for financial companies or payment system operates looking for possible integrations.

“An important goal of this paper is to examine how this technology might be used in the area of payments, clearing, and settlement and to identify both the opportunities and challenges facing its practical implementation and possible long-term adoption.”

This publication comes just two months after the news that Fed governor Lael Brainard revealed the interest in the blockchain by the central bank.

According to the Federal Reserve press release, researchers interviewed almost 30 representatives from the public and private sector, explaining both how to establish companies and startups working with the distributed ledger in the fintech field.

The full US Federal Reserve Blockchain Paper can be found here:

Distributed ledger technology in payments, clearing, and settlement

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