ECB and BOJ are currently working on a joint research project on distributed ledger technology called project Stella. Like you said, Bitcoin right now is unfit

ECB and BOJ are currently working on a joint research project on distributed ledger technology called project Stella. Like you said, Bitcoin right now is unfit for Real Time Gross Settlement system. However, the project also concluded that with appropriate modifications, Distributed Ledger Technology "could meet the current performance needs of an RTGS system." It should be noted that the project mostly concerns with large value transfer system between financial institutions rather than retail payment system. They also explored delivering securities for cash on the blockchain. The project summary leaflets are really fascinating and provide a good overview on the progress of the analysis. [1] September 2017 leaflet: https://www.ecb.europa.eu/paym/intro/news/shared/20170906_stella_report_leaflet.pdf https://www.ecb.europa.eu/paym/intro/news/shared/20170906_st... [2] March 2018 leaflet: https://www.ecb.europa.eu/pub/pdf/other/stella_project_leaflet_march_2018.pdf https://www.ecb.europa.eu/pub/pdf/other/stella_project_leafl...