Getting real

🍂 🍂 November 13, 2017 🍂 🍂

"Some people want it to happen, some wish it would happen, others make it happen." – Michael Jordan

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THE FEATURE

'Immature' No longer: Brazil's Central Bank Is Ramping Up Its Blockchain Work


"You have to think change."

Wise words, though not ones you'd expect from a central banker.
Still, that's how one member of Brazil's central bank is describing the impetus for its recently revived ventures into blockchain R&D.

In an exclusive interview with CoinDesk, Banco Central do Brasil is opening up about its blockchain work, why it's using the tech to improve its own settlement system and why it believes the available tools are now sufficiently mature to do so.

On the surface, the statements thereafter may seem ordinary. Change, business model, innovation –  all are familiar buzzwords to enterprises seeking to caution optimism, if a bit more rare for that bastion of stability, the central bank.

But perhaps we shouldn't be so surprised. Banco Central do Brasil's history is vibrant, storied and filled with change.

Amid the boom in global blockchain development, we may do well to learn the lessons herein. Moving slowly? Maybe, but this isn't a certainty for central banks.
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