24 August 2017
Find out more

Finland's central bank explores the blockchain

01 December 2016  |  6219 views  |  0 Source: Bank of Finland

The Bank of Finland organised today, in cooperation with the Ministry of Finance, a seminar on the possibilities offered by blockchain and distributed ledger technologies in various sectors of society.

Seminar participants included leading researchers in the field and experts from universities, research institutes, government agencies and firms throughout Finland.

The aim of the event was to provide a setting for discussion on the possibilities offered by blockchain and distributed ledger technologies and to bring together the most important domestic actors to reflect on a common view and strategy for making use of new generation technological innovations in both private and public sectors.

At the event, a total of ten projects were presented, all geared to developing applications harnessing blockchain technology for the needs of industry, the financial sector and public administration. The speakers represented a wide spectrum of different organisations, including VTT Technical Research Centre of Finland, the Research Institute of the Finnish Economy (Etla), Aalto University, Lappeenranta University of Technology, Nets, Microsoft and Fortum. The panel discussion sought to outline guiding principles for combining strengths in this area at national level.

In his introductory remark Governor Erkki Liikanen pointed out the Bank of Finland’s key role of overseer and catalyst of the payment and financial systems.

‘Our task is to ensure the reliability and efficiency of the payment system and the overall financial system and to participate in their development. Research into, and support of, new innovations shaping the financial sector constitute part of this work,’ Governor Liikanen specified.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
22887 views comments | 48 tweets | 91 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12202 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11718 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11432 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10999 views 0 | 7 tweets | 1 linkedin

Featured job

Find your next job