The Reserve Bank of Australia plans to release a full public report of its findings and learnings from its proof-of-concept central bank digital currency (CBDC) project in the middle of this year.
The central bank partnered with CBA, NAB, investment group Perpetual and US software company ConsenSys to develop a proof-of-concept CBDC for wholesale settlement on an Ethereum-based distributed ledger technology (DLT) platform.
The proof aims to establish use cases, including the origination and servicing of tokenized loans on the platform.
Deputy head of the payments policy department Chris Thompson told a Blockchain Week 2021 event yesterday the proof is “a step forward from the first project the RBA did in this space at the beginning of the first half of 2019”.
“We did have an in-house project which was a much more narrower scoped project,” he said.