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The scope of the challenge is to have a first working prototype up and running. We would like to implement a typical wholesale cross-border CBDC use - case, like payment versus payment with the help of Hyperledger Besu and solidity smart - contracts. During the development phase, we focus on the functionalities of Besu, like transactional speed and privacy features without scaling much beyond its capabilities.
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We believe that DLT is actually one of the fastest developing developed transactional technology on the planet. With Hyperledger Besu both the Ethereum and Hyperledger communities are combined in one direction. Besides, other initiatives also exist for open-source CBDC systems, like the recently published OpenCBDC platform from M.I.T. Since the project is open-source, the solution will be adjustable to all monetary authority's jurisdictional needs, which is unique in its nature.
Environmental and social impact
One of our further development use case cases is having a sustainability aspect taken into consideration in which carbon and methan methane accounting is a functionality on the token level. We call it Green token and it incorporates a tracking mechanism for environmentally harmful operations, where currency tokens are held.
Project Juno Moneta - Community interactions
We already have already pitched our field of expertise and our shown our prototype solution to the Hyperlegder Community at one of a the Hyperledger Meetup. We have gained a lot of positive feedback from the audience. Online recording is available:
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