Central Banking

Belarus turns to blockchain for information sharing

National Bank of the Republic of Belarus: “Any bank or non-financial institution may become an owner of the verifying node of the blockchain network”

The National Bank of the Republic of Belarus has launched a new information sharing network based on blockchain technology, with future plans to deploy the infrastructure to the securities market.

In a statement, the central bank announced it had created a network based around a ledger format, to provide banks and non-financial institutions with information about the banking system.

Information on bank guarantees is the first type of data to be stored on the network, the central bank said.

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