Iran’s CB to tap blockchain technology

Financial Tribune – Blockchain technology is set to decentralize mechanisms governing the world’s financial systems and the Central Bank of Iran has focused efforts on studying ways to benefit from that technology, says the secretary general of Central Bank of Iran.

Pointing to the blockchain potential to change centralized structures as the most salient feature of blockchain, Mohammad Talebi says financial systems need to undergo a major overhaul by the emergent technology.

“Financial systems across continents operate in a centralized framework which is monitored by a central mechanism,” he was quoted as saying on the website of the Monetary and Banking Research Institute.