The central bank of Brazil chose Hyperledger Besu, an open-source, Ethereum-compatible blockchain platform, as the base to run the tokenized version of the digital real.
Local analysts believe the compatibility with Ethereum might bring a slew of third parties to develop applications and services using the tokenized digital real, opening the economic playing field to more competition. However, this could also minimize the role of banks in the new digital economy. On this, JC Bombardelli, CTO of ed-tech startup Gama Academy, stated:
Another reason for choosing Hyperledger Besu would be its open-source origins, which would allow the government to use it without having to pay for licenses.The tests, which are slated to start this month, will only include the tokenized version of the digital real, destined to be used in various transactions and issued by private banks with deposits as collateral.
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