Blockchain Not Sufficiently Efficient, Says Dutch Central Bank
De Nederlandsche Bank (DNB), the central bank of the Netherlands, said that blockchain technology is not ready to meet the demands of large financial market infrastructures (FMI).
After three years of experimenting with distributed ledger technology (DLT), the central bank came to the conclusion that the technology’s current algorithms are unable to handle the volume of transactions of financial market infrastructures in a 100%-secure and energy-efficient way.
