The Netherlands is fully introducing block chain technology for its financial system _ Bitcoin development

De Nederlandsche Bank (DNB), a central bank in the Netherlands, recently launched a new ' block Chain Development Campus Program ' that allows banks to develop and share information about the use of block chains (distributed ledger systems used in bitcoin).


The Dutch government has even appointed a special financial technology ambassador, Willem Vermeend. Vermeend is a professor of economics and a former minister of the Ministry of Social Work and employment. He wants to be a bridge between the government, the financial technology sector and the regulatory layer.


Everyone needs team work.


To facilitate learning and to share information between banks and financial institutions, DNB will start schools in September.


The partnership has been set on the agenda, said Willem Vermeend, a financial technology ambassador, who, despite its creativity, is now clueless about what other people are doing in the 20-block-chain businesses.


ABN Amro, for example, has hired a team of 30 people to assess the likelihood of using a system within a bank that uses a block chain. Rabobank has also worked with Nexuslab to explore possible future directions.


DNB involved in the field of financial science and technology


This is not the first time DnB has dabbled in block-chain technology, and as early as June this year, Ron Berndsen, head of the DNB market Infrastructure policy Department, revealed specific information about the Dutch central bank's experimental currency dnbcoin.


At the Dutch block chain technology conference on June 20, 2016, Ron Berndsen delivered a speech:


"Last year we started a dnbcoin experiment. The overall idea is to have a better understanding of the actual application of block chain technology through our own bit-currency software, which is more effective than just doing desk research and participating in related meetings. And to avoid misunderstanding: Dnbcoin is used only for internal tests, it will not circulate in the market. ”


Why the central bank is interested in block chains


In fact, the Dutch central Bank is not involved in block-chain technology, the first central banks. The Central Bank of India (the Reserve Bank of India), which we reported earlier, is also exploring the application of block chains to reduce the use of cash.


Bank of Canada and Bank of England also announced that they would consider using block-chain technology for a variety of purposes. So in the future there is a very real possibility that all currencies will be virtual, and that the central bank is not to be outdone in this currency game.


The possibility of block chain technology is endless, and the conclusion of Ron Berndsen's speech is the best summary:


History teaches us that the wisest thing to do in the face of the future is to predict what is possible rather than what is impossible. Block chain technology provides a range of advantages over the current technology. But there are also some shortcomings and obstacles to overcome. ”