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BlockChain Technology in Banking Industry

June 29, 2019

Blockchain has become one of the most talked-about technology and is drawing a lot of attention from the major players in banking sector today. Let's check out more about this disruptive technology. What is It?  It is a public database that lists every single transaction for all cryptocurrencies and enables exchange of value between two parties. It is a decentralized ledger that eliminates the need for 3rd parties to verify transactions while ensue ring transparency and empowering the buyer/seller to safeguard their digital currency.

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Czech National Bank

Czech National Bank is the central bank of the Czech Republic and the supervisor of the Czech financial market. The primary objective of the CNB is to maintain price stability. In addition, the CNB fosters financial stability and sees to the sound operation of the financial system in the Czech Republic. To this end, the CNB sets macroprudential policy by identifying risks jeopardising the stability of the financial system and contributing to its resilience. Without prejudice to its primary objective, the CNB also supports the general economic policies of the Government and the general economic policies in the European Union.

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