The UK's central bank is seeking startups to take part in distributed ledger projects focused on data privacy.
In a speech from 12th April and published yesterday, Bank of England governor Mark Carney told attendees of a conference on FinTech that the central bank wants to expand work it began in earnest last year. The applications being researched by the bank include digital currency – an area being explored by a number of central banks worldwide.
The news is the latest signal that the Bank of England is widening the scope of its work with blockchain and distributed ledgers. The central bank has emerged in the past year as one of the more proactive institutions when it comes to exploring applications of the tech.
Recent months have also seen the central bank expand its collaborative work on blockchain. In February, the central bank became a member of the Linux Foundation-backed Hyperledger blockchain project.
Bank of England image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.