• no ads
  • no ads

Official: Tezos is part of one of the eight selected parties for further development of the CBDC experiment for Banque de France

On the 24th of April this year, The Banque de France announced that its official call for applications to experiment with a Central Bank Digital Currency for interbank settlements. On July 20th this year, Banque the France announced 8 selected companies. Two of which Tezos was suspected to collaborate with: SEBA Bank AG, and Societe Generale – Forge.
Unofficially, the Tezos – SEBA Bank connection was reported on in an article by Tokencrunch on the 23rd of July this year. 
Today, the collaboration between Tezos and Societe Generale – Forge was confirmed in a press release by Nomadic Labs. Together they will continue working on the CBDC program for Banque de France. Nomadic Labs is one of the companies that is continuously working on Tezos projects with 40+ PhD level researchers.

“The presence of Nomadic Labs and Tezos technology in this selection highlights the quality of Nomadic Labs’ research and development teams, and the strong technical fundamentals of the Tezos blockchain. Based in Paris, Nomadic Labs counts several years of experience working on the development of the Tezos blockchain, as well as promoting its adoption. The Nomadic Labs team is integral to the development of the core Tezos protocol and native smart contract language which contain features – such as on-chain governance, a consensus algorithm based on Proof-of-Stake, and the ability to facilitate formal verification of smart contracts. These features make Tezos an ideal long-term solution for high-value financial applications.” – Source 

Unrelated to the CBDC project, Nomadic Labs is working on another project to look forward to: Tenderbake. Tenderbake is being developed by Nomadic Labs in collaboration with CEA-LIST. You can read the Tenderbake paper here. They have been researching this since 2018, and CEA-LIST is an impressive partner. CEA-LIST is one of three specialized technological research institutes of CEA. CEA is a French Government funded research organisation with an annual budget of 4.7 billion Euros. (Source) The developments on Tezos’ Tenderbake are also being followed by the Bank of France.

Related post