Bank of Japan: Blockchain can take into account transaction details and anonymity, which is crucial for digital currency transactions

The Bank of Japan today issued a report on "Blockchain technology applied to financial transactions such as digital currencies." The report mentioned that how to both track individual transaction content and ensure anonymity is an "unavoidable problem" in digital currency transactions.The three aspects of the authenticity, reliability and efficiency of the blockchain are important to ensure the details of transactions and Ensuring anonymity is essential. Since 2016, the Bank of Japan has been working with the European Central Bank (ECB) to study the potential benefits and challenges of blockchain to financial infrastructure.