Image via Shutterstock
According to the Bundesbank, the project is aimed at providing a basis for further exploring the use of the tech in the securities trading space.
The unveiling comes on the heels of a four-day conference hosted by the Bundesbank in Frankfurt. The event brought together regulators like the European Central Bank and startups like R3 and Digital Asset Holdings.
"With the blockchain prototype, the Deutsche Bundesbank and Deutsche Börse want to work together to find out whether this technology can be used for financial transactions, and if so, how this can be achieved. The Deutsche Bundesbank hopes that this prototype will contribute to a better practical understanding of blockchain technology in order to assess its potential.”
Bundesbank executive board member Carl-Ludwig Thiele said in a statement:
Germany’s central bank has built a new blockchain prototype focused on securities trading.
The prototype is said to enable the transfer of both electronic securities as well as “digital coins”, as well as functions for coupon payments and the redemption of mature securities, using code from the Hyperledger project as a basis. Deutsche Börse is a member of that initiative, and has been exploring its own applications since early 2015.
The Bundesbank developed the prototype in partnership with exchange operator Deutsche Börse, with further testing between the two sides planned over the next few months. The German central bank said today that the project constitutes the first joint initiative with Börse, describing it as “purely a conceptual study”.
Who's Said What About the Coinbase-Visa Payment Dispute
Users of cryptocurrency startup Coinbase have seen repeated charges appear on their bank statements tied to their Visa credit and debit card use in recent days, prompting several rounds of statements
Actor Steven Seagal Endorses Questionable 'Bitcoiin' ICO
Action film star Steven Seagal has become the brand ambassador for a controversial cryptocurrency ahead of an initial coin offering (ICO).
A statement posted to Seagal's Twitter account confirmed t
Israel Confirms It Will Tax Bitcoin as Property
Israel's government confirmed Monday that it would treat bitcoin and other cryptocurrencies as a kind of property for tax purposes.
The notice confirms past indications that the Tax Authority will
Who Said What About Coinbase and Visa's User Payment Dispute
Users of cryptocurrency startup Coinbase saw repeated charges appear on their bank statements tied to their Visa credit and debit card use, prompting several rounds of statements from the companies in
Banks Buy Stakes in Blockchain Startup SETL
Financial services group Citi has bought a stake in blockchain startup SETL.
The move, announced today, comes less than three weeks after the French banking institution Credit Agricole also became
Long Blockchain Is At Risk for Exchange Removal Again
Long Blockchain, the beverage company-turned-crypto-firm, is facing a delisting from the Nasdaq stock exchange, public records show.
The reason lies in Long Blockchain's sliding stock price, which
Bitcoin thieves threaten real violence for virtual currencies
The currency they were after was virtual, but the guns they carried were anything but. In the beach resort of Phuket, Thailand, last month, the assailants pushed their victim, a young Russian man,
Lithuania's Central Bank Probes 100 Million Euro ICO
Lithuania's central bank announced last week that it is probing a domestic initial coin offering (ICO) after determining that the token offered counts as a security.
In a Feb. 15 statement, the Lie