Business Insider spoke to economist Garrick Hileman, from the University of Cambridge, about central banks experimenting with blockchain technology.
Hileman said an increasing number of central banks are looking to the system due to its resilience and transparency.
He adds that although blockchain could become important as banks move away from physical currency, there are privacy issues with the technology.
Watch the video to find out more.
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Business Insider UK is the largest business news site for British readers and viewers in the UK. Our mission: to tell you all you need to know about the big world around you. The BI UK Video team focuses on business, technology, strategy, and culture with an emphasis on unique storytelling and data that appeals to the next generation of leaders.
