Taiwan’s Central Bank to Consider Blockchain Technology for Payment Systems

[kreslik.news]

Considering the efficiency of decentralized ledger technology, Taiwan’s central bank has announced that it will explore the option of implementing blockchain technology in order to improve its operations.

On Monday, the prospect was revealed by Yang Chin-long, the newly appointed governor of the bank, in his brief ceremonial speech. He emphasized the implementation of new technology in the banking system and said that his agency will remain open-minded in the rapid development of the financial technology, especially with artificial intelligence, big data, and blockchain technology.

A rough translation of Mr. Yang’s speech noted: “Apart from closely monitoring the challenges that financial technology may ... (read more)