National Bank of Kazakhstan announces report on results of CBDC pilot project

As a haven for the crypto industry, Kazakhstan is home to many crypto farmers. However, in fact, Kazakhstan is also very strong in other financial markets. for

Recently, the National Bank of Kazakhstan released a report on the CBDC.

Digital Tenge is a Corda platform based on the CBDC on the R3, and other countries like Sweden and France are also trying out CBDCs using the same platform. for

R3 tweeted: "Today is a very happy day! I am delighted to be a part of the recently completed Jura Project on Coda. The Jura Project is one of the newest and most anticipated on CBDC. Work is currently in progress. Classes. "

According to a statement by the National Bank of Kazakhstan, the main benefits of CBDC are driving awareness of wholesale CBDC, assess potential of retail CBDC, test CBDC process, experience CBDC implementation events and connect multiple stakeholders. for

According to the report, “We tested the new benefits of CBDCs for the public and participating organizations, including offline payments, token programmability, and ease of use of anonymous exchanges. name and AML / CFT (Custom Anonymity).

The report also notes that the CBDC has been involved in discussions with the US diplomatic mission, the International Monetary Fund (IMF), the Bank for International Settlements and other stakeholders. for

However, the benefits of the Digital Tenge trial do not necessarily mean that CBDC will be released. The report says a court ruling on the CBDC announcement will begin in December next year. for

At the same time, the National Bank of Kazakhstan stressed that the main objective of CBDCs is to improve the financial system. for

Based on this, the report found that "based on the results presented by DTCC, Accenture, DigitalAsset and R3, Corda can handle over 100 million transactions in a single day, and still see 'Performance' on the list with four Corda nodes. The maximum number of candidates (at the moment) can support up to 300 changes per second. "

Naturally, the Crypto field is suitable for many future users. According to the report, other countries have adopted the Crypto functionality of the Corda platform, but it shows that sharing data over the network can be risky. for

The emergence of the Digital Tenge test is a milestone for Kazakhstan. Kazakhstan's rulers are starting to point out the insufficient power of farmers. Indeed, even President Kassim-Jomat Tokayev admitted that it was time to think about nuclear power plants.