The project, called Bakong, is a step that created a fiat-backed digital currency. Bakong is a retail payments system using blockchain technology. Individuals can now transfer money and buy from merchants with a mobile app.
The pilot project went live in July 2019 and ran with a network of 14 banks supporting more than 10.000 users, laying the groundwork for a large-scale rollout later in 2020. Hyperledger teamed up with Soramitsu on a detailed case study covering the planning and implementation of Bakong, including key goals, milestones, security considerations, and core technology requirements, as well as a preview of rollout plans and new features.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright