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Argentina’s Central Bank Tests Blockchain-Powered Clearing System

Roland James

Summary: The Central Bank of Argentina (BCRA) is in the testing phase for a new blockchain-powered clearing system that would potentially be used by some of the country's biggest financial institutions. According to an announcement from blockchain developer IOV Labs on Tuesday, the firm had developed a proof-of-concept, for a permissioned blockchain network, based on RSK ...

The Central Bank of Argentina (BCRA) is in the testing phase for a new blockchain-powered clearing system that would potentially be used by some of the country's biggest financial institutions.

According to an announcement from blockchain developer IOV Labs on Tuesday, the firm had developed a proof-of-concept, for a permissioned blockchain network, based on RSK Smart Contract Network, in collaboration with the central bank and major commercial banks in Argentina including Santander and BBVA.

By Roland James

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