Best Distributed Ledger Initiative Awarded to South Africa Central Bank

Best Distributed Ledger Initiative Awarded to South Africa Central Bank

The South African central bank has been awarded the Best Distributed Ledger initiative title during the FinTech and RegtTech Award. The award was believed to be given to the financial institution for its successful Project Khokha. The bank developed the interbank payment system based on the Ethereum blockchain network. The Khokha project scaled 70,000 to 200,000 transactions per day.

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