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South Africa’s Central Bank Demos Tokenized Fiat Through an Ethereum Based Blockchain

05/06/2018 16:16
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South Africa’s Reserve Bank(SARB) has demoed a Proof of Concept (PoC) implementation of tokenized fiat through Quorum, an ethereum based, enterprise grade, private blockchain.

Eight South African banks participated, including Absa, Capitec, Discovery Bank, FirstRand, Investec, Nedbank and Standard Bank, with ConsenSys as the technical partner and PricewaterhouseCoopers Inc. (PwC) as the support partner.

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