The G20 should create and fund a central banks ' global consortium to study the rise of cryptocurrencies and other blockchain technologies , according to the G20 Insights report . this can help build an inclusive , secure and transparent world digital economy , the report said . The momentum for such a consortium was already under way , with many central banks including the US Federal fund and the ministry of England already researching the rise of blockchain . These efforts could be combined to maximise efficiency and avoid duplication , the report said .
The G20 should create and fund a central banks' blockchain consortium to study the rise of cryptocurrencies and other blockchain technologies, according to the G20 Insights report. Blockchain can help build an inclusive, secure and transparent world digital economy, the report said. The momentum for such a consortium was already under way, with many central banks including the US Federal Reserve and the Bank of England already researching the benefits of blockchain. These efforts could be combined to maximise efficiency and avoid duplication, the report said.