Central Banks of France ๐ซ๐ท and Switzerland ๐จ๐ญ Announced Successful Trial of Digital EURO
๐ฃ Central Banks of #France ๐ซ๐ท and #Switzerland ๐จ๐ญ Announced Successful Trial of #DigitalEURO
๐ 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.
๐ The project, which aimed to investigate crossโborder settlement with #Euro and #Swiss Franc wCBDCs, was launched on a thirdโparty distributed ledger technology platform.
๐ The experimental technology explored in project Jura consisted of a decentralized peerโtoโpeer network of computer nodes (#Corda) to validate transactions while simultaneously ensuring that all governing nationsโ #legal, regulatory, and #business rules are satisfied.
๐ Project Jura looked into infrastructure networks that enable realโtime gross settlement of transactions, bond digitization and a #digitalassets registry.
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