Fed’s Brainard sees blockchain as revolutionary, but still to prove itself

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Fed’s Brainard sees blockchain as revolutionary, but still to prove itself

The technology behind the controversial bitcoin electronic currency could lead to sweeping improvements in how financial transactions are carried out worldwide, Federal Reserve Governor Lael Brainard said on Friday. "We recognize the potential of distributed ledger technology, or blockchain, to transform the way financial market participants transfer, store, and maintain ownership," Brainard said at the Institute of International Finance annual meeting.
Federal Reserve Governor Lael Brainard delivers remarks on "Coming of Age in the Great Recession"

http://news.yahoo.com/feds-brainard-sees-blockchain-revolutionary-still-prove-itself-201753308–business.html

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