BLOCKCHAIN WORX

The CBDC Studio is a project by Blockchain Worx to help Central Banks and Financial Institutions holistically design, issue, distribute, and manage CBDCs and harness the potential digital currencies to solve long-standing challenges plaguing the financial systems... The CBDC Studio operates on a Gen-3 Blockchain network, providing a secure, robust, scalable infrastructure with inherent privacy features, optimally designed for CBDCs. Programmable smart contracts seamlessly enable automation and facilitate settlements while a well-orchestrated set of distributed nodes provide a highly available network for all users. The platform currently utilized a private instance of the Hedera Stablecoin Studio and mirror nodes with Zero Trust security and use MPC/Ledger wallets for enhanced protection. Multiple oracle services validate and deliver the Proof-of-Reserve. The system largely follow the Monetary Authority of Singapore's Project Ubin framework, building upon and extending the work done..

Also known as: CBDC Studio

Primary location: Singapore