The central bank of Japan has started the first phase of a feasibility study with a goal of testing the CBDC’s basic functions including issuance, distribution and redemption.
The Liaison and Coordination Committee will focus on facilitating smooth implementation of the proof of concept for the central bank digital currency.
While the trial demonstrated the feasibility of a wholesale CBDC, the bank claimed that distributed ledger technology has not yet proven its ability to handle the European country’s payments system.
Sri Lanka’s central bank is looking for tech firms that can develop a PoC shared KYC platform to be used in the banking industry.
The Central Bank of Sri Lanka is looking for companies that are able to build a proof of concept shared Know-Your-Customer platform to be used in the banking industry.
Japan-based Daiwa Securities Group has completed a blockchain trade matching pilot, completing the second stage of testing of its proof-of-concept model.
Developed in partnership with Synchronoss and TBCASoft, the platform allows for payments to be sent peer-to-peer across different mobile carriers, in a process similar to sending a standard text message.