Bank of Canada to use blockchain for instantly settling securities

posted 10 days 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."
Tags: blockchain, news