Bank of Ghana Launches Hackathon to Explore Various Use Cases of CBDC

The Ghanaian cardinal slope said it volition beryllium hosting a 12-week hackathon wherever participants are expected to research the e-cedi’s 9 antithetic usage cases. At the extremity of the hackathon, the cardinal slope volition clasp a league wherever individuals with outstanding solutions are recognized.

Addressing Ghana’s Financial Inclusion Challenges

The Ghanaian cardinal bank, besides known arsenic Bank of Ghana (BOG), precocious announced the motorboat of a cardinal slope integer currency (CBDC) hackathon. According to the bank, this lawsuit seeks to avail opportunities to fintech startups, developers and innovators to make innovative solutions that research assorted usage cases of CBDC.

https://t.co/bvOB6EsBoW#eCedi #hackathon #bankofghana pic.twitter.com/KOGqPwBrGT

— Bank of Ghana (@thebankofghana) October 6, 2023

In a property merchandise jointly issued with exertion spouse Emtech, the Ghanaian cardinal slope said the hackathon volition tally for a play of 12 weeks. During this time, innovators are expected to travel up with solutions that code fiscal inclusion challenges. At the extremity of the hackathon, a league wherever outstanding solutions are recognized volition beryllium held.

Real Life Use Cases

Explaining wherefore this method of discovering the champion solutions was chosen, the BOG said:

“The task is simply a portion of the e-cedi probe task and presents an accidental for the Bank to research emerging technologies, foster creativity and lend to the advancement of the e-cedi development.”

Meanwhile, the Ghanaian cardinal slope stated that individuals and teams with a passionateness for the exertion are eligible to articulation the hackathon. Among the 9 usage cases that the BOG wants developers and innovators to absorption connected is the usage of the e-cedi successful merchant transactions. Other usage cases see utilizing the e-cedi for authorities payments and inbound remittances.

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