News Snapshot:
Chinese enterprise blockchain integrates with digital yuan Friday 5 March 2021 09:19 CET | News China’s central bank has announced that a new Chinese homegrown enterprise blockchain, Chang’an Chain, will be integrated with the digital yuan. This follows an agreement between the central bank’s Digital Currency Research Institute and the Beijing Academy of Blockchain and Edge Computing (BABEC). China’s central bank digital currency (CBDC) does not use blockchain at its core because the technology was deemed to be insufficiently scalable. The blockchain collaboration aims to use the digital currency as smart money by adding programmable characteristics. Together the organisations plan...
