{"id":1526,"date":"2016-10-11T15:39:13","date_gmt":"2016-10-11T15:39:13","guid":{"rendered":"https:\/\/blog.holytransaction.com\/?p=1526"},"modified":"2016-10-11T15:39:13","modified_gmt":"2016-10-11T15:39:13","slug":"us-federal-reserve-studies-blockchain","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/10\/us-federal-reserve-studies-blockchain.html","title":{"rendered":"US Federal Reserve studies Blockchain"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-866\" src=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/shutterstock_147144224-300x225.jpg\" alt=\"federalreservestudiesblockchain\" width=\"203\" height=\"152\" srcset=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/shutterstock_147144224-300x225.jpg 300w, https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/shutterstock_147144224-768x576.jpg 768w, https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/05\/shutterstock_147144224.jpg 1000w\" sizes=\"(max-width: 203px) 100vw, 203px\" \/><\/p>\n<p>The<strong> US Federal Reserve<\/strong> studies <strong>Blockchain<\/strong> as <em>&#8220;this may represent the most significant development in many years in payments, clearing, and settlement.\u201d<\/em><\/p>\n<p>According to governor<strong> Lael Brainard<\/strong>, in fact, <strong>this technology\u00a0could be very disruptive<\/strong> for the financial system.<\/p>\n<p>During her\u00a0<a href=\"http:\/\/www.federalreserve.gov\/newsevents\/speech\/brainard20161007a.htm\" target=\"_blank\">speech<\/a>\u00a0at the Institute of International Finance in Washington, D.C., she explained that the\u00a0<strong>Federal Reserve studies Blockchain to<\/strong><strong>\u00a0study and test the technology\u00a0<\/strong>for a\u00a0next-generation payment and settlement system.<\/p>\n<blockquote><p><em>\u201cWe are paying close attention to distributed ledger technology, or blockchain, recognizing this may represent the most significant development in many years in payments, clearing, and settlement.\u201d<\/em><\/p><\/blockquote>\n<p>Brainard\u2019s speech came a week after <strong>Janet Yellen <\/strong>commented<strong>\u00a0<\/strong>that the distributed ledger could have a \u201csignificant impact\u201d on the fintech industry. Also, she explained that the central bank is <em>\u201ctrying to understand digital currencies and other blockchain applications&#8221;.<\/em><\/p>\n<p>During her speech, Brainard commented on the various use cases of the blockchain in financial field, as well as talked about the potential risks.<\/p>\n<p><em>\u201cLike many new financial technologies, distributed ledgers could ameliorate or exacerbate traditional financial risks,&#8221; <\/em>she explained.<\/p>\n<h2>Federal Reserve studies blockchain: a whitepaper will be published soon<\/h2>\n<p>Also, Brainard said that the Federal Reserve will publish a whitepaper on the blockchain by the end of this year.<\/p>\n<p>Furthermore, the central bank will continue to study and discuss the tech with both private and public sector stakeholders.<\/p>\n<p><a href=\"https:\/\/holytransaction.com\/blog\/?s=federal+reserve&amp;submit=Search\">To read more about Federal Reserve involvment in the fintech field, click here.\u00a0<\/a><\/p>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The US Federal Reserve studies Blockchain as &#8220;this may represent the most significant development in many years in payments, clearing, and settlement.\u201d According to governor Lael Brainard, in fact, this technology\u00a0could be very disruptive for the financial system. During her\u00a0speech\u00a0at the Institute of International Finance in Washington, D.C., she explained that the\u00a0Federal Reserve studies Blockchain [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,101,468],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Federal Reserve studies Blockchain -<\/title>\n<meta name=\"description\" content=\"Federal Reserve studies blockchain as &quot;this may represent the most significant development in many years in payments, clearing, and settlement.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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