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HSBC and IBM create successful multi-ledger CBDC demo

On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBMu2019s Hyperledger Fabric and enterprise technology provider R3u2019s Corda served as the basis of the distributed ledger facilitating the transactions.<br><br>

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HSBC and IBM create successful multi-ledger CBDC demo

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  2. HSBC and IBM create successful multi-ledger CBDC demo • On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBM’s Hyperledger Fabric and enterprise technology provider R3’s Corda served as the basis of the distributed ledger facilitating the transactions. • Across the world, CBDCs are gaining traction in part due to their utility as a means to combat the rises of stablecoins, which, to some, represent a threat to the financial system. This month alone, Australian Reserve Bank’s Project Atom CBDC research uncovered numerous benefits. Around the same time, Kazakhstan’s central bank reported positive results on its CBDC pilot project. The Eastern Caribbean CBDC expanded to two other countries, and Russia is prioritizing the development of a digital Ruble. View Source: https://casinowayz.com/hsbc-and-ibm-create-successful-multi-ledger-cbdc-demo/

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