Estonia’s Central Bank to Research if Blockchain Can Support a Digital Euro

[Galaxy]

Eesti Pank, the central bank of Estonia, is undertaking a “multi-year” research project that will investigate the suitability of a blockchain-based digital currency to work alongside cash.

In a news release Friday, Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already "a core" part of the infrastructure of Estonia's e-government system, in supporting a central bank digital currency (CBDC).
The research will be carried out with assistance from Guardtime, an Estonian company that developed the KSI Blockchain, and The SW7 Group, a London-based business development and investment firm with a focus on innovative technologies.
Info Link: https://www.coindesk.com/estonia-central-bank-research-blockchain-digital-currency-euro