Nigeria to launch CBDC pilot in October

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The Central Bank of Nigeria (CBN) plans to begin its central bank digital currency (CBDC) pilot on October 1, according to Nigerian financial news publication Nairametrics.

According to Nairametrics private sources, Rakiya Mohammed, the bank’s director of information technology, called a webinar last Thursday to confirm the pilot’s start date and emphasise that the CBN could not afford to be left behind in global CBDC development.

The pilot scheme, known as...

27 July 2021 | Banking

Hyperledger Besu moves to active status as enterprise blockchain cases rise

Hyperledger Besu, an enterprise-focused initiative and the first which was able to operate on a public blockchain, has taken a step towards mainstream operability after comittee members voted to place it as an active project.

The move, which makes Besu the only Ethereum project to have moved outof the incubation phase, 'demonstrates the strength of the project and the active community supporting it', according to the company. Among the community are ConsenSys, Chainsafe and...

31 March 2020 | Blockchain

Getting the ball rolling for enterprise blockchain: How Hyperledger sees the route to success

If you have ever been involved in any enterprise software procurement project, you will be more than aware of the time it takes to get things done; the peaks, troughs and sometimes interminable delays.

The hidden gotchas are always there too. Take the headline of an article by ThoughtWorks’ George Earle in 2017: “The tyranny of big suite enterprise software best practices: How decisions made 40 years ago straightjacket you today.”

Daniela Barbosa (left), VP of...

5 November 2019 | Enterprise