Central Banks of France ๐Ÿ‡ซ๐Ÿ‡ท and Switzerland ๐Ÿ‡จ๐Ÿ‡ญ Announced Successful Trial of Digital EURO

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1 min readDec 20, 2021

๐Ÿ“ฃ Central Banks of #France ๐Ÿ‡ซ๐Ÿ‡ท and #Switzerland ๐Ÿ‡จ๐Ÿ‡ญ Announced Successful Trial of #DigitalEURO

๐Ÿ‘‰ On #Wednesday, the #BankofFrance (BoF), the #BIS Innovation Hub (BISIH) and the Swiss National Bank (#SNB) announced the success of a pilot run of a wholesale Central Bank Digital Currency (#wCBDC), titled Project #Jura.

๐Ÿ‘‰ The project, which aimed to investigate crossโ€‘border settlement with #Euro and #Swiss Franc wCBDCs, was launched on a thirdโ€‘party distributed ledger technology platform.

๐Ÿ‘‰ The experimental technology explored in project Jura consisted of a decentralized peerโ€‘toโ€‘peer network of computer nodes (#Corda) to validate transactions while simultaneously ensuring that all governing nationsโ€™ #legal, regulatory, and #business rules are satisfied.

๐Ÿ‘‰ Project Jura looked into infrastructure networks that enable realโ€‘time gross settlement of transactions, bond digitization and a #digitalassets registry.

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#GokuMarket #BlockchainEconomy #SwissBank #Europe #Exchange #Ecommerce #Piloting

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