The Bank of England, the UK's central bank, has added yet another blockchain proof-of-concept (PoC) to its growing fintech accelerator program.
The institution is working with blockchain startup Chain on a data privacy pilot, according to a new announcement. The project is one of four unveiled today, all of which focus on financial information processing.
Bank of England officials have been working with a number of startups and companies on blockchain applications through its accelerator since it launched late last year. Among those were a real-time gross settlement (RTGS) trial involving technology developed by Ripple, as well as an asset exchange pilot involving PwC.
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