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Sweden’s central bank completes first phase of digital currency pilot

The Sveriges Riksbank said that CBDC technology still requires further investigation. After completing the first phase of its digital currency pilot project, Sveriges Riksbank has found some critical issues that must be addressed before Stockholmers can buy coffee and kanelbullar with e-krona. In a recent study, Sweden’s central bank presented the first results of its central bank digital currency pilot on a network based on R3’s Corda blockchain. The Riksbank simulated core aspects of a potential CBDC system, including liquidity supply via the Riksbank’s settlement system, RIX, and network members serving as e-kronor distributors. The central bank also simulated participants, end-users and payment…

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Ethereum enterprise adoption wins Accenture’s support with Baseline Protocol

Ethereum enterprise adoption is being driven by support from major players such as Accenture and EY. The first stage of the highly anticipated upgrade to the Ethereum blockchain, Ethereum 2.0, is expected to launch by the end of this year. Promising to increase the throughput and lower the latency of the Ethereum mainnet, these steps are likely to bring wider adoption in business and commerce. Ben Edgington, product owner for Teku — an Ethereum 2.0 client designed for enterprise and institutional stakers — told Cointelegraph that Ethereum 2.0 will indeed resolve key barriers for enterprises looking to deploy use cases…

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Tel Aviv Stock Exchange to Launch Blockchain Securities Platform

Israel will have its first central securities lending platform this November, built on blockchain technology. The Tel Aviv Stock Exchange (TASE) plans to launch its blockchain-based securities lending pool in November.In an announcement on July 28, TASE said the platform will serve an essential function in the country’s capital markets, which currently lack a central system for securities lending.Contrary to the current set-up —— which fails to meet the needs of investors, in TASE’s view — the new blockchain-based system will concentrate all securities lending activities under one roof and enable direct borrowing among investors across a range of major…

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The Bank of England Picks Accenture to Build Its Innovative Payments System 

The Bank of England (BofE) has announced that it has chosen Accenture for the renewal and revamping of the nation’s Real Time Gross Settlement (RTGS) system which processes a massive GBP 685 billion daily. The BofE says the project is aimed at making the RTGS more resilient and accessible, while also keeping the UK atRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Accenture, Digital Asset, Microsof, Nasdaq and Others Team Up To Develop Trusted Solution for Standardizing Token-based Carbon Emission Accounting, Credits, and Offsetting

by Richard Kastelein The auditing and accounting of carbon credits and offsets have not been solved to date and a group of leading global companies and organisations are planning to take on this challenge through tokenization by launching the InterWork Alliance (IWA) Sustainability Business Working Group. IWA Chair Marley Gray, Principal Architect – Azure Multiparty Engineering, Microsoft – details the work ahead in his IWA Blog: Standardizing Sustainability – How the IWA Will Make This Happen. “The members of the IWA are planning to address the needs of the carbon emissions market with a technology-neutral solution that standardizes tokenization of key…

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US Lags Behind Other Nations Regarding CBDCs, Says Former CFTC Commissioner

According to former CFTC Commissioner Sharon Bowen, the U.S. is behind other nations working on a CBDC. Sharon Bowen, a former Commissioner at the United States Commodities Futures Trading Commission, today said that the U.S. was falling behind other nations that are working on a central bank digital currency, or CBDC.During a webinar hosted by the consultancy firm Accenture, Bowen — currently a board member at Intercontinental Exchange — said that a CBDC would help the U.S. dollar maintain prominence in the world economy.She stated that if the U.S. does not want other nations to “threaten the monetary policy or…

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French Government Announces Partners for CBDC Trials

France is gearing up to begin tests with its possible Central Bank Digital Currency (CBDC). After initial progress on the subject, the government is now setting up experiments. Earlier this week, Banque de France, the country’s central bank, announced that it would be proceeding down the CBDC line with several and-picked partners. Proceeding to the Next Phase Per the press release, the bank picked eight potential candidates to test a possible CBDC integration. The statement highlighted that the bank would be targeting interbank settlements more precisely, showing that the potential CBDC might not be an all-encompassing solution. The approved partners include…

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