South Korean consortium completes digital local cu
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South Korean blockchain consortium has completed a proof of concept showing a blockchain-based digital local currency processing payments and settlements in under one second with a reported 100% transaction success rate.
According to South Korean news outlet Newsis, the K-STAR consortium and BNK Busan Bank have finished a proof of concept (PoC) to test whether a blockchain-powered digital version of South Korea’s local currency system could operate in a real banking environment.
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