Published on November 13th, 2017 | by bitcoin0
Blockchain work status in Brazil
The Central Bank of Brazil is building with just about every blockchain it can get its hands on.
And with that, Banco Central do Brasil is now developing proofs-of-concept (PoCs) on four different platforms, trialing ethereum, JPMorgan’s Quorum and Hyperledger Fabric alongside its Corda work.
Speaking to that trend, the deputy head of the central bank’s IT department, Aristides Andrade Cavalcante Neto, told CoinDesk:
“We are a central bank, and we enjoy a lot of stability.
Specifically, the central bank can’t “prove” that implementing a blockchain system would be cheaper than implementing something more traditional, he said.
Out in the open
But while RTGS is the primary focus of the central bank’s blockchain work, it’s also testing a blockchain-based “information exchange.”