The Federal Reserve Bank of New York and a group of major banks launched a digital dollar blockchain pilot. The 12-week proof-of-concept program will allow banks to test the Regulated Liability Network (RLN) for “technical feasibility, legal viability, and business applicability.

The Federal Reserve Bank of New York and a group of major banks launched a digital dollar #blockchain pilot. The 12-week proof-of-concept program will allow banks to test the Regulated Liability Network (RLN) for “technical feasibility, legal viability, and business applicability.