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Blockchain Tech Company ConsenSys Partners With Australia’s Central Bank To Explore Wholesale CBDC
Summary: According to the official announcement, ConsenSys Software, a blockchain technology company, is cooperating with the Reserve Bank of Australia (RBA), Commonwealth Bank, and National Australia Bank on a project to explore wholesale central bank digital currency (CBDC) using distributed ledger technology (DLT). The project will involve the issuance of a proof of concept (PoC) for ...
According to the official announcement, ConsenSys Software, a blockchain technology company, is cooperating with the Reserve Bank of Australia (RBA), Commonwealth Bank, and National Australia Bank on a project to explore wholesale central bank digital currency (CBDC) using distributed ledger technology (DLT).
The project will involve the issuance of a proof of concept (PoC) for tokenized CBDC. Participants in the wholesale market can use Ethereum-based tokens on the DLT platform to finance, settle, and repay loans. PoC will be used to explore the meaning of "atomic" delivery-versus-payment settled on the DLT platform, as well as the programmability and automation of tokenized CBDC and financial assets.
By Mary Liu
Tags: CBDC,ConsenSys,DLT,PoC,Reserve Bank of Australia
Link: Blockchain Tech Company ConsenSys Partners With Australia’s Central Bank To Explore Wholesale CBDC [Copy]
