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Algorand Blockchain Chosen as Underlying Tech for Marshall Islands’ Digital Currency

by CBDC Insider Staff
March 5, 2020
in Business, US
Reading Time: 1min read
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Algorand Blockchain Chosen as Underlying Tech for Marshall Islands’ Digital Currency
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The Marshallese sovereign (SOV), which could become the first state-backed digital currency to enter circulation, will be built using the Algorand protocol.
SFB Technologies, the technology provider tasked with delivering the SOV initiative, announced Monday it had selected the Algorand protocol as the blockchain base for the upcoming digital currency of the Marshall Islands.

Continue reading: https://www.coindesk.com/algorand-blockchain-chosen-as-underlying-tech-for-marshall-islands-digital-currency

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