The Director of payments and market infrastructures at the De Nederlandsche Bank, Petra Hielkema, said “We started with baby steps, understanding the Bitcoin software and mining in a centralised versus decentralized way. Then we built prototypes and tested whether DLT networks could benefit parts of our market infrastructure while still providing the functionality needed in payments”
Petra still says that other companies and banks around the world should look into adopting Blockchain and making their own developments with the software. She also added “We do think this technology is promising but more innovation is needed”. Despite being unimpressed by her bank’s developments, she still sees bags of potential in the technology that Blockchain provides.
Elsewhere in Blockchain news, the technology is being adopted to develop a new scouting system for young footballers. This new scouting system will be similar to a social media platform, which allows users to showcase their skills and make it easier for people in harder to reach places get noticed. It also allows for other people to post about young talent that they find themselves, aiming to give them exposure and gain a following.