The outcome has just been announced, and even the Bitcoin press couldn’t make it sound good<\/a>.<\/p>\n The report<\/a> is polite and says some positive things, mostly about smart contracts on edge nodes verifiying that the data is sensible. I’ve seen The summary<\/a> is rather harder to spin:<\/p>\n Given the relative immaturity of the technology, DLT is not a solution for large-scale applications like BOJ-NET and TARGET2 at this stage of development.<\/p><\/blockquote>\n I’m pretty sure quite a lot of blockchain pilot reports look like this, even if we don’t see them. (Anyone who feels like leaking one<\/a> …) There’ll be reasons we’ve had trials of these things for years, but zero real-world production systems that aren’t a cryptocurrency, or that are actually even a blockchain<\/a>.<\/p>\n The ECB hasn’t given up entirely \u2014 in April they were looking for a DLT project lead<\/a> on a two year contract, though they noted even then that “blockchain technology lacks the necessary maturity to be part of its market infrastructure, citing deficiencies in safety and security.”<\/p>\nblockchain<\/s> DLT enthusiasts claiming it’s a positive result, and that this is actually good<\/i> news for blockchain<\/s> DLT. What stood out for me, though, was the conspicuous absence of any enthusiasm — they showed that the test system was not much worse than existing systems, but gave no reasons to proceed.<\/p>\n
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