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payment

By McCarthy Tétrault LLP | 5 Minutes Read July 21, 2017

"Not there yet": Bank of Canada experiments with blockchain wholesale payment system

The Bank of Canada embarked on Project Jasper to learn more about the feasibility, benefits and challenges of using DLT as the basis for a wholesale interbank payment system. These systems are crucial mechanisms for the financial industry that allow large financial institutions to process payments to each other as well as to and from central banks.

Article by McCarthy Tétrault LLP / Business, Finance and Accounting, Information Technology, Privacy / Bank of Canada, blockchain, blockchain technology, financial institutions, FinTech, operational risk, payment, payment systems, privacy

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