The Federal Reserve flirts with blockchain. Global central bankers learned about blockchain technology at the Federal Reserve’s annual meeting last week. Federal Reserve Chair Janet Yellen reportedly called for central banks to study blockchain and noted that the Fed does not have the authority to regulate cryptocurrency. Coverage of the meeting, closed to the media, is classic in its Fed-watching tone, ranging from almost whispered hearsay (American Banker) to gung-ho acceptance (CryptoCoin News). Blockchain News excerpts comments fromblockchain startup executives.
Blockchain is more than the second coming of the internet. Does blockchain have the potential to make sending money as simple as sending an email? Mark Taylor thinks so. In a piece for Raconteur, Taylor asserts that blockchain will bring users the “internet of value, a new distributed platform that can help us reshape the world of business.”