Deutsche Bundesbank and Deutsche Börse blockchain tests deliver promising results
The prototypes support the settlement of securities transactions, payments, interest payments and repayments at the maturity of a bond. Developed on both Hyperledger Fabric (version 1.0) and the Digital Asset Platform, the solution was subjected to “demanding performance tests”, the two parties say.
“The tests showed that both prototypes are suitable for the productive operation of a realistic financial market infrastructure and can serve as a basis for further development. Both the Digital Asset Platform and the Hyperledger Fabric have had subsequent releases which may even improve the performance,” they conclude.
“During this project, Deutsche Bundesbank and Deutsche Börse learned a lot about the usage of this technology and its concrete implementation,” notes Burkhard Balz, member of the executive board of Deutsche Bundesbank.
“We expect the rapid development to continue, and also see the potential in using it for high-volume applications. The approach of a permissioned architecture, which takes into account the requirements of the financial sector from the outset, has proven to be right,” he states.
Berthold Kracke, CEO of Clearstream Banking and head of Clearstream Global Operations at Deutsche Börse Group, says his team is “very happy” with the results of the project.
“The tests have shown that blockchain technology is a suitable basis for applications in the field of settlement and other financial infrastructures,” Kracke adds.