There is simply too much at stake for the Bank of Jamaica not to have an independent back-test of the e-currency claim that its security software is superior to blockchain technology.
The potential systemic harm to the economy could be at stake if the security of private information, data and funds are not air tight.
There was a reason why The Bahamas and the Organisation of Eastern Caribbean States went with blockchain technology. Eastern Caribbean Central Bank Governor Dr Timothy Antoine did stress at the launch of DCash on March 21 this year that the digital currency would be faster, cheaper and safer. Safer, as in more secure than other technologies.
President of the Caribbean Blockchain Alliance Stefen Deleveaux has described claims that the Bank of Jamaica security software solution is more robust than blockchain as “false”.
