Bank of Israel is reportedly set to start its CBDC pilot and they might go with Ethereum as the base blockchain on top of which it would work. The central bank reportedly did its first trial using blockchain but there is no confirmation from the Israeli Central Bank if Ethereum indeed would be a part of the program, but it is definitely among the technologies that the bank is considereing in the initial stages. Yoav Soffer, CBDC project manager at the Bank of Israel said,
“We did a trial with Ethereum technology, not because we think that that’s necessarily the technology we’ll use, but because it was a technology that was available for us to get our hands dirty with, in order to understand its advantages and disadvantages,”
The pilot CBDC saw digital and technical implementation of Digital Shekels where the trials were conducted on Ethereum with a digital wallet. The participants sent the assigned digital shekel from one wallet to another. The Ethereum technology used for the
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