Sep 25, 2020 at 15:01 UTC.Ethereum workshop ConsenSys said it has been chosen by the Hong Kong Monetary Authority to assist in Hong Kong and Thailand's cross-border central bank digital currency pilot.
ConsenSys said in a Friday announcement it will "Work on the second implementation stage" of those countries' Project Inthanon-LionRock CBDC alongside consultancy PricewaterhouseCoopers and Forms, a Hong Kong fintech.
A joint effort by HKMA and the Bank of Thailand, Project Inthanon-LionRock is examining if, where and how distributed ledger technology might enhance cross-border payments between commercial banks.
Inthanon-LionRock's third phase wrapped in December 2019 with the development of a workable CBDC prototype.
Project leads determined CBDC could indeed make cross-border payments more efficient but did not specify concrete next steps.
Hong Kong Reportedly Picks ConsenSys for Digital Currency Pilot Project
Udgivet den Sep 25, 2020
by Coindesk | Udgivet den Coinage
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