Published on April 19th, 2017 | by bitcoin0
“US dollars not included on the Blockchain….Yet” Fed VP exclaims at MIT Event
“I would not call the central bank’s currency the low-hanging fruit here,” Cunha said, addressing the audience at MIT’s Business of Blockchain event yesterday.
There is the reason why when you get a mortgage, your lawyer is waiting for the bank to say the wire transfer has been deposited.
Other issues to consider, the Fed official continued, were how a blockchain could impact the trust and risk models of a currency.
In his opinion, the “money supply of the biggest economy in the world” isn’t the right place to start the process.
Instead, Cunha noted on stage, stocks, derivatives and trade agreements are better opportunities for applying blockchain to reduce friction and costs.