Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors

A tokenized mentation of the integer real, the Brazilian cardinal slope integer currency (CBDC), has passed a nationalist blockchain aviator trial successfully. The test, which was carried retired by Mercado Bitcoin, a section exchange, utilizing the Stellar network, shows that the integer existent token tin beryllium utilized successful nationalist blockchains pursuing each compliance rules acceptable by Brazilian laws.

Digital Real Completes Stellar Blockchain Test

The integer existent project, a Brazilian inaugural for gathering a cardinal slope integer currency, is advancing toward its imaginable issuance. Mercado Bitcoin, a section exchange, informed that a bid of aviator tests designed to analyse the interconnection of a tokenized mentation of the integer real, was conducted successfully.

The tests utilized the Stellar blockchain arsenic a nationalist blockchain, and included each of the steps that a regular idiosyncratic would person to behaviour for the usage of a tokenized, on-chain mentation of the integer real, and included traceability, cognize your lawsuit and antifraud procedures, derived from a integer decentralized individuality system.

The integer individuality tasks were conducted by Clearsale and CPQD, which handled ID and fraud prevention processes successful bid to marque these transactions compliant with Mercado Bitcoin Pay, the instrumentality utilized by Mercado Bitcoin to process the transactions.

According to the institutions down this test, this occurrence shows that nationalist networks specified arsenic the Stellar blockchain tin service arsenic proxies for the cognition of the integer real. On this, Fulvio Xavier, liable for peculiar projects astatine Mercado Bitcoin, stated:

Our thesis was to beryllium that it is possible, viable and harmless to transportation retired transactions with integer assets utilizing a practice of the existent connected nationalist networks. The Central Bank is ever acrophobic astir knowing what happens erstwhile transactions permission its hands.

More Tests

The completed trial is conscionable a portion of a full array of projects that are being conducted to measure the behaviour of the integer existent successful antithetic situations. Mercado Bitcoin is portion of the 9 institutions selected by the Central Bank of Brazil to tally these tests, arsenic portion of the peculiar Laboratory of Financial and Technological Innovations (LIFT) situation issued successful 2022.

On Feb. 14, Roberto Campos Neto, president of the Central Bank of Brazil, revealed that a afloat aviator trial would beryllium conducted arsenic soon arsenic imaginable to present a broad improvement way for the cardinal slope integer currency connected Dec. 2023, earlier his mandate ends.

What bash you deliberation astir the latest integer existent tests? Tell america successful the comments conception below.

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