#AskDraghi: How can we harness blockchain technology to support the economy?


Victoria, who’s currently living in
France, would like to know: “How can we harness blockchain technology to support
the economy?” Blockchain technology is actually quite promising. It allows to
make certain processes much faster than they used to be. For example, if there is an invoice that needs to be settled, can be done instantly and automatically when it’s received. So, being a new promising technology, it will probably
support the economy and create many benefits. We are very interested
in this technology, but it’s still not secure for central banking, and thereforewe need to look into it and investigate it more. In fact, since
often this search process is not a simple one, we joined forces with
Bank of Japan, and we are hopeful however that it will be will be very
useful.

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