What are the goals of the Dutch Central Bank in blockchain innovation and how does DutchChain help the organization achieve them?
"We can sit in our office and talk about blockchain and distributed ledger, but we really need to learn what is out there and there are so many people in the Netherlands and in the world working on that, and we can really learn from that," commented Petra Hielkema, Division Director Payments and Market Infrastructures at the Dutch Central Bank (De Nederlandsche Bank).
Seeing that DLT (Distributed Ledger Technology) has the potential to improve efficiency in payments, reporting, and market infrastructure, the Dutch Central Bank supports the development of the technology both in-house and through keeping close ties with the industry, while also looking at the current industry needs in regulation and standardization. "The key question for us, first of all, is to really get the technology running in a trusted, efficient, and robust way, so we can really use it in the financial industry, " said Petra. Right now, the banks are developing DLT "within their entity, closed circuit" while what they need to do is develop interoperating technology that can be applied throughout the industry. She continued: "The only way to test and see whether it is really interoperable is to work together, for example in DutchChain."
On October 31st, the Dutch Central Bank and DutchChain are hosting a Regulatory Deep Dive where special attention will be paid to the question of regulatory measures for blockchain projects, ICOs, and the crypto-market. Click here to find out more about this event and register.