Chinese Central Bank Actively Exploring Application of Blockchain to Digital Renminbi Systems: Di Gang


Source: chinabankingnews.com chinabankingnews.com

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A senior official from the digital currency research wing of the Chinese central bank says it is driving efforts to apply blockchain technology to systems for the circulation and usage of the digital renminbi. “In recent years the Digital Currency Research Institute has focused on specific applications of the blockchain, such as building a unified distributed ledger based on the blockchain at the issuance level for the digital renminbi, and actively exploring blockchain applications for digital renminbi systems” said Di Gang (狄刚), deputy-head of the People’s Bank of China (PBOC) Digital Currency Research Institute. Di made the remarks on 24...