After three years of testing five distributed ledger prototypes, the Dutch central bank (DNB) concluded none of them could currently cater to the large transaction volumes or deliver the level of certainty required to support financial market infrastructure. Comparing them with Europe’s Target2 interbank payment system, the DNB suggested that with further algorithmic development, blockchain technology could meet the requirements in future. It also noted that distributed ledger technology could improve efficiencies in cross-currency payments and plans to continue experimenting with the technologies.
After three years of testing four distributed ledger prototypes, the Dutch central bank (DNB) concluded none of them could currently cater to the large transaction volumes or deliver the level of certainty required to support financial market infrastructure. Comparing them with Europe’s Target2 interbank payment system, the DNB suggested that with further algorithmic development, blockchain technology could meet the requirements in future. It also noted that distributed ledger technology could improve efficiencies in cross-currency payments and plans to continue experimenting with the technologies.