Development bank aims for better settlement with blockchain prototype

R3 is among the companies working with the regional bank on a proof-of-concept to bring efficiencies to cross-border securities transactions.

It might be a while before the Asian Development Bank (ADB) has a working prototype of its proof-of-concept (PoC) for cross-border securities transactions using blockchain, but it is determined to get there.

“As a technical expert, we need to provide a good technical foundation, step by step,” says Satoru Yamadera, advisor for ADB’s economic research and regional cooperation department.

Yamadera says the role of central banks and central securities depositories is figuring out the technical

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