The Bank of Italy has launched a pilot to assess the viability of a central bank digital currency (CBDC), according to Finextra. The pilot, called Project Leonidas, also involves a 18 Italian commercial banks and the Associazione Bancaria Italiana (ABI).
The stated objective of the pilot is to “explore blockchain applications that promote financial stability and protect consumers”. The participating banks will use a shared ledger for interbank payments with the aim of streamlining the process.
________
R3, in collaboration with ABI Lab, ABI (Italian Banking Association), and NTT Data Italia, has been selected by the prestigious Bank of Italy and its Innovation Hub for the ground-breaking ‘Project Leonidas.’ This exceptional initiative aims to explore and develop wholesale Central Bank Digital Currency (CBDC) capabilities within the Spunta Banca DLT solution, a critical infrastructure of Italy’s financial ecosystem. Spunta Banca DLT is the only application based on Distributed Ledger Technology (DLT) in production on an entire national banking sector, with significant volumes; processing 94 nodes and over 600 million technical transactions in three years.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
