Bank of England, BIS complete distributed ledger settlements pilot
The Bank of England and Bank for International Settlements (BIS) have completed a joint pilot testing a distributed ledger technology-based settlements system between institutions.
The UK central bank plans to take lessons from the project and apply them to its real-time gross settlement (RTGS) system.
BIS has also published a 44-page report on the project. Titled Project Meridian, it was carried out with the Bank of England at the BIS innovation hub in...