Think outside the blocks

Now that the banking community has woken up to bitcoin and blockchain technology, BCG Perspectives outlines what blockchain is (for anyone who still isn’t sure) and examines the different cryptocurrencies available.

BOJ, ECB to jointly study digital currency technology

The two agencies will team up to examine blockchain, the distributed ledger technology that supports cryptocurrencies like bitcoin and ethereum, the Wall Street Journal reports.

US Federal Reserve releases first distributed ledger research paper

The paper, which was drafted by the Reserve Board and the Reserve banks in Chicago and New York, examines the applications of the technology in payments and transaction settlement. The research looks at the top-down view of the concept behind blockchain as well as the challenges and opportunities for financial firms or payments operators seeking integrations, CoinDesk reports.