Blockchain usefulness 'remains unproven,' BIS chief says

22 November 2018 7:22am
Agustin Carstens, head of the Bank for International Settlements, said the case for using blockchain and other distributed ledger technology “remains unproven.”

A BIS study this month “casts doubt on whether central banks can usefully and safely implement these technologies,” said Carstens, whose group is the umbrella for the world’s central banks.

His skeptical view dovetails with comments this month by JPMorgan Chase chief Jamie Dimon, who said blockchain “has been in my opinion way blown out of proportion.”