Netherlands Central Bank Doesn't Believe Blockchain Supports Infrastructure of Financial MarketsNetherlands Central Bank Doesn't Believe Blockchain Supports Infrastructure of Financial Markets
By Crypto Digest - June 11, 2018

De Nederlandsche Bank (DNB), the central bank of the Netherlands, recently concluded after a three-year test that blockchain technology cannot currently meet the needs of a financial market infrastructure, the bank announced on its website. The report cites bitcoin technology’s inadequacies in the areas of capacity, its high energy consumption and insufficient certainty of transaction verification. The DNB does consider the technology useful in improving resilience to external attacks, but at the expense of efficiency and capacity.