Nigeria’s apex bank chooses private Blockchain to run digital currency pilot on October 1, 2021
The Central Bank of Nigeria (CBN) has disclosed that it’ll launch the pilot scheme of its digital currency on October 1, 2021. According to TheCable , CBN revealed this during a private webinar with stakeholders on Thursday, July 22, 2021. The Apex bank announced earlier on June 10, 2021, that it would launch a pilot scheme for its digital currency before the end of the year. Rakiya Mohammed, CBN Director of Information Technology, said, “Before the end of the year, the Central Bank will be making a special announcement and possibly launching a pilot scheme in order to be able to provide this kind of currency to the populace,” The Director also revealed that the project tagged GIANT will run on the Hyperledger Fabric Blockchain. Hyperledger Fabric Blockchain The Hyperledger Fabric Blockchain is a private and permissioned ...