1/ The Bank of England are in the process of overhauling their current Real Time Gross Settlement (RTGS) system

They are preparing for the Best & Final Offer stage ahead of appointing a Technology Delivery Partner in Summer 2020..

Who could the "TDP" be?

#BOE #RTGS #DLT

2/ In 2017, the UK Central Banks External Advisory Board said they were exploring the lessons learned from a number of other real-time RTGS implementations..

A highlight was the Scandinavian model for instant payments

Specifically, a third party approach..

#BOE #RTGS #DLT

3/ Many Central Banks are turning to 3rd-party providers for their solutions instead of building their own RTGS infrastructure..

Sweden
Denmark
Iceland
Norway
New Zealand

& more across Europe, Africa & ME..

Who provided the infrastructure?

Perago

#RTGS #DLT

4/ Perago is seen as the "Go-to" solution for Central Banks updating their RTGS systems..

Perago has 19 Central Bank clients worldwide and provides a reliable and flexible platform compatible with #blockchain & #DLT

Who owns Perago?

SIA

#RTGS #SIA #Perago

5/ SIA is the 100% shareholder of Perago & is the European Leader in the design, creation & management of technology infrastructure & services for Financial & Central Institutions.

Together, they are able to offer Central Banks a solution like no other..

#RTGS #SIA #Perago

6/ #SIA recently was awarded a 10-year concession by the European Central Bank to provide all European financial institutions with connectivity services to

TARGET2
TIPS
TARGET2-Securities

& ECMS through the Eurosystem Single Market Infrastructure Gateway ( #ESMIG)

#ECB

7/ During a webinar in April 2020, The Bank of England stated..

“The new RTGS will be Interoperable with DLTs using an API Platform"

This means their Technology Delivery Partner would need to provide large scale #interoperability..

#RTGS #BOE #DLT #Blockchain

8/ SIA recently announced they had successfully tested blockchain interoperability with @quant_network

They stated..

"Quant Networks #Overledger technology is the world’s only DLT operating system that allows #interoperability"

#RTGS $QNT #DLT #Blockchain

9/ The Bank of England will announce their Technology Delivery Partner soon

Could it be #Perago?

Owned by #SIA..

Who successfully tested blockchain #interoperability with Quant Network..

Which the #BOE need for their new #RTGS system

Meh.. who knows

$QNT #DLT #blockchain