Bank of Canada to use blockchain for instantly settling securities

posted about 1 year ago
The latest "Project Jasper" blockchain trials have shown that distributed ledgers are effective at automating securities settlements in real-time, according to Bank of Canada and two partners on the "integrated securities and payment settlement" project.

Gerry Gaetz, president and CEO of Payments Canada, was quoted as saying:

"This shows that it is possible to deliver payments in a way that has never been done before - by directly swapping cash from buyers to sellers, resulting in instant settlements."
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