Thread by @DreadBong0

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