Bank of England Eyes Private Blockchain Oversight – 英国私人blockchain监督银行的眼睛

The Bank of England, the U.K.’s central banking authority, is developing a proof-of-concept (PoC) examining how to maintain privacy over a distributed ledger-based network while still allowing a regulatory overview of the data.

Partnering for the project with Chain, a blockchain startup that develops infrastructure protocols, the Bank of England released a paper on Wednesday setting out how it is exploring how to maintain a high level of data privacy among participants over a distributed network, while at the same time facilitating transactions of different financial assets.
合作连锁项目,blockchain启动发展基础设施的协议,英国央行公布 纸上星期三设定了它是如何探索如何保持高水平的数据隐私的参与者在一个分布式网络,同时促进交易不同的金融资产。

The ideal scenario, as pictured by the central bank, would be to design “a distributed ledger system in such a way that transactions remain private whilst keeping all data shared across the network, and at the same time maintaining a regulatory view of all transactions.”

The PoC – which is aimed to build academic understanding, not as a practical solution – offers a window into the thinking of the U.K.’s central bank in advancing distributed ledger technology (DLT) development for existing business functions, while avoiding complete concealment of transactions from the authorities.

POC -旨在打造学术的认识,不是作为一个实用的解决方案,提供在推进分布式分类技术在英国的中央银行思想的一个窗口(DLT)现有业务发展,同时避免交易完全隐蔽的机关。

The paper comes just several days after the Bank of England released a plan to push a DLT solution as the basis for the next generation of its real-time gross settlement system, and for which the bank is currently testing a proof-of-concept.
本文仅仅几天之后,英国央行公布计划推动DLT解作为它的实时全额结算系统的下一代的基础上,而目前银行 试验证明的概念。

That said, the primary hurdle, according to the central bank, is scalability, which is one of the top trade-offs as the institution considers its move towards the DLT system.

While arguing that the ideal scenario is “theoretically possible,” the Bank of England stressed that the technology is still at a very nascent stage.

“The trade-offs would still need to be further explored, especially with respect to scalability, speed of transaction processing and risks around the security of the cryptographic techniques employed,” the bank concluded.

Bank of England image via Shutterstock