Korea selects CBDC blockchain provider

bank-of-korea

The Bank of Korea has chosen to use a blockchain platform provided by a local telecoms company during the next stage of its central bank digital currency project (CBDC).

Reports in the Korean press said the central bank will use a platform from Ground X, the blockchain subsidiary of the country’s largest mobile platform, Kakao.

Ground X will collaborate with Kakao Bank, Kakao Pay and technology firm Consensys during the next stage of the central bank’s CBDC project, the reports stated.

In May

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.