Banks are currently researching ways of using this new technology internally, especially for cross-border transactions. The US NASDAQ stock exchange is already using blockchain technology for some of its services.
2  BIS central bankers’ speeches  In the light of these developments, it would be criminally negligent for banks and savings banks to simply adopt a wait-and-see attitude: other industries have seen new technologies become the standard in no time at all. Examples include digital photography, the advent of smartphones and online media.