Project Atom

Research → Proof of concept

Technology: Ethereum

Main motivation/goals of the CBDC: Will be used to explore the implications of 'atomic' delivery-versus-payment settlement on a DLT platform as well as other potential programmability and automation features of tokenised CBDC and financial assets. → Faciliating atomic DVP settlement

Link to announcement: www.rba.gov.au

None → Research

Announcement Year: 2020

Retail/Wholesale: Wholesale

Structure: Token

Technology Provider: ConsenSys Software

Description: Australia: The Reserve Bank of Australia (RBA) is actively exploring the use of a wholesale eAUD (Digital Currency). To that end, the RBA conducted a proof of concept to simulate a wholesale settlement system involving commercial banks in the country. The RBA is committed to continue this research throughout 2020 to ascertain the viability of a digital Australian dollar.

DLT / non-DLT: DLT

Main motivation/goals of the CBDC: Will be used to explore the implications of 'atomic' delivery-versus-payment settlement on a DLT platform as well as other potential programmability and automation features of tokenised CBDC and financial assets.

Link to announcement: www.rba.gov.auwww.rba.gov.au

Country / Region: Australia

Central Bank(s): Reserve Bank of Australia