HSBC Completes Hong Kong Monetary Authority e-HKD+ Pilot Test, Focusing on Real-World Issues in the Digital Currency Ecosystem

On July 10 (UTC+8), HSBC issued an announcement that it recently completed the e-HKD+ project experimental test of the Hong Kong Monetary Authority. HSBC's technical use cases in the e-HKD+ project mainly focus on how to deal with practical problems that may be encountered in the design, implementation, and operation of the digital currency ecosystem. As Hong Kong continues to explore the full potential of digital currencies, HSBC has not only conducted surveys on public awareness of e-HKD, but also brought new technical and business insights to the potential design of e-HKD. HSBC has conducted experiments on a range of public distributed ledger technology (DLT) environments, including Arbitrum, Ethereum, Linea, and Polygon, as well as HSBC's private distributed ledger technology (DLT) developed on Hyperledger Besu. These results will support the Hong Kong Monetary Authority and the industry in exploring how innovative digital currencies can create value for the Hong Kong public. (Source: Bitpush) [MetaEra]