Here’s how RBI is thinking about its own blockchain platform

From livemint.com

India’s upcoming digital currency will minimize transaction settlement processes by using a private blockchain platform, making transactions more cash-like and giving the central bank tighter control over the functioning of the financial system, said two people aware of the matter. A private blockchain governed by a central bank is different from the public blockchains behind digital currencies such as bitcoin and ethereum, where so-called miners authenticate transactions and are rewarded for the same. “RBI (Reserve Bank of India)-issued digital currency will be exactly like cash and it does not need intermediate ... (full story)