The Bundesbank along with Deutsche Boerse started a trial project with blockchain to transfer and settle securities and cash in 2016; the trial ended in late 2018 and the results show blockchain settlement was slower and more costly; Jens Weidmann, President of the Bundesbank, explains to Bloomberg, “The blockchain solutions did not fare better in every way: the process took a bit longer and resulted in relatively high computational costs. Similar experiences have been made elsewhere in the financial sector. Despite numerous tests of blockchain-based prototypes, a real breakthrough in application is missing so far.”; central banks around the world are beginning to conduct their own tests as they look to separate digital assets from the technology behind them. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.