ConsenSysCryptocurrency

ConsenSys Helps Hong Kong Explore The Benefits Of Government Cryptocurrency

Ethereum ecosystem development company ConsenSys will assist the Hong Kong Monetary Authority (HKMA) in a project to explore the benefits of government cryptocurrency.

Through the project, ConsenSys will help create the technological infrastructure for the HKMA project. The consulting firm PricewaterhouseCoopers Limited and Forms HK will also participate in the study of the state cryptocurrency.

ConsenSys said in a statement that all three companies will be working on the second phase of the Inthanon-LionRock project, which began back in 2018. Charles d’Haussy, Director of ConsenSys Hong Kong, stressed:

“ConsenSys is looking forward to working on the implementation of government cryptocurrencies for international payments.”

As part of the work on the project, the company plans to use its Ethereum technology stack and test solutions to ensure the scalability and security of the Hong Kong government cryptocurrency.

Recall that at the end of August, ConsenSys bought a platform based on the Quorum blockchain from the American banking holding JPMorgan Chase.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts
CryptocurrencyExchanges

PayPal Customers Are Now Allowed To Use Cryptocurrency To Make Payments To Merchants Worldwide

BitcoinCryptocurrencyEthereum

Bitcoin Recovers $56,000: ETH Recovers $1,700 (Observed Over The Weekend)

Cryptocurrency

Vladimir Putin: "we need to stop illegal transactions with digital assets"

CryptocurrencyExchanges

Coinbase exchange valued at $ 943 million in preparation for direct listing on Nasdaq

Sign up for our newsletter and stay informed

0 0 votes
Page Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
USD
0
Would love your thoughts, please comment.x
()
x