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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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Are Blockchains Fully Public, Why central banks are experimenting with blockchain.
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