Hyperledger has announced it is a Technical Partner for the Global CBDC Challenge, launched by the Monetary Authority of Singapore (MAS).
As one of the challenge’s Technical Partners, Hyperledger will provide open source code, technical information and support through our thriving, global blockchain community and numerous use cases where Hyperledger technology is being used for CBDC projects, and more. The Global CBDC Challenge seeks to catalyse ground-breaking retail CBDC solutions to promote financial inclusion and enable empowerment through technology. The competition is open to FinTech companies, financial institutions and solution providers around the world.
MAS, a Hyperledger associate member, launched the challenge in partnership with the Asia Development Bank, International Monetary Fund, Organisation for Economic Co-operation and Development, United Nations Capital Development Fund, United Nations High Commission for Refugees, United Nations Development Programme and World Bank.
Hyperledger Executive Director Brian Behlendorf said:
“Hyperledger’s open source community and world-leading blockchain expertise is uniquely placed to assist entrants in this exciting challenge. Hyperledger has a number of technologies already being deployed in CBDC projects. We recommend a number of Hyperledger DLT frameworks for entrants to consider for this challenge, including Hyperledger Besu, Fabric and Iroha.”
