Blockchain Consortium Hyperledger Supports Global CBDC Challenge As Technical Partner
Hyperledger, a collaborative cross-industry effort created to advance blockchain technology, has announced its role as a technical partner for the Global CBDC Challenge.
Hyperledger is a global collaboration including leaders in finance, banking, healthcare, supply chains, manufacturing and technology. Hyperledger hosts many enterprise blockchain technology projects including distributed ledger frameworks, smart contract engines, client libraries, graphical interfaces, utility libraries and sample applications.
Launched by the Monetary Authority of Singapore (MAS), the Global CBDC Challenge seeks to catalyze ground-breaking retail CBDC (Central Bank Digital Currency) 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.
Up to 15 finalists will be selected to receive mentorship from industry experts and be provided access to the APIX Digital Currency Sandbox. Finalists will have the opportunity to pitch their solutions to a global audience at the Demo Day, to be held at this year’s Singapore FinTech Festival in November. Up to three winners will be selected to receive S$150,000 in cash prizes.
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.
“Hyperledger’s open source community and world-leading blockchain expertise is uniquely placed to assist entrants in this exciting challenge,” Hyperledger Executive Director Brian Behlendorf said. “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.”
Challenge entrants who choose Hyperledger technologies can receive technical assistance through the projects’ mailing lists and chat channels. As a global, open source community, Hyperledger offers exceptional support.
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