Germany’s Central Bank, the Deutsche Bundesbank and one of the largest exchange organisations in the world, the German Deutsche Boerse (DB) has successfully completed testing blockchain solutions for the settlement of payments.
According to the data published on 25 October the report by German exchange organization Deutsche Boerse, which had begun in 2016, the year testing was conducted to check the possibility of processing the entire cycle of issuing bonds to the blockchain solution and was successfully completed.
Possible volume of transactions and the speed of processing was tested on Hyperledger Fabric and blockchain-solution for the financial sector Digital Asset. The authors of the report from the DB also stressed that in the process of testing, we managed to substantially increase system performance.
The report also presented an overview of the main advantages and disadvantages of using blockchain technology: long waiting period and high level of CPU utilization was related to the faults, and system stability and low cost dispute resolution due to the presence of a joint database – the advantages.
According to the study, the Central Bank and DB came to the conclusion about the necessity to implement adapted for the needs of the financial market the blockchain. Member of the Board of the German Central Bank Burkhard Balz also noted that the testing was successful Blockbaster:
“Using architecture c restricted, which initially takes into account the requirements of the financial sector, has proved its efficiency”
British startup Setl received permission from the French regulator to run based on the blockchain Central securities Depository, and in August it became known that the second largest German stock exchange Boerse Stuttgart is developing a platform for the ICO.