FRB Hints at Use of Blockchain

The Board of Governors of the Federal Reserve System (FRB) Chair, Janet Yellen, recently commented on the importance of blockchain technology and its potential impact on the global financial system, according to a recent CoinDesk article.

"[Blockchain] is a very important, new technology that could have implications for the way in which transactions are handled throughout the financial system. We're looking at it in terms of its promise in some of the technologies we use ourselves and many financial institutions are looking at it. It could make a big difference to the way in which transactions are cleared and settled in the global economy."

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