Today Japanese card company JCB said it’s working with Datachain to develop an experimental “digital currency exchange platform”. The two companies started to work together in August to explore blockchain interoperability.
Datachain was the founder of Hyperledger Labs project YUI, a blockchain interoperability project that supports communication between enterprise blockchains Hyperledger Fabric, Hyperledger Besu and Corda. It builds on the Cosmos Inter-Blockchain Communication (IBC) Protocol (IBC), which relays messages between the different chains.
Various digital currency platforms are in the works, such as the collaboration between several Japanese banks participating in the Digital Currency Forum. And there’s the potential for a future central bank digital currency (CBDC). At a high level, the objective of the JCB project is to explore how to make various fiat digital currencies interchangeable without relying on a central counterparty.
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