South Africa’s Central Bank Debuts Interbank Settlement System on JPMorgan’s Quorum

The South African Reserve Bank (SARB) has released its report on Project Khokha, a Proof-of-Concept designed to simulate a real-world trial of a distributed ledger technology (DLT)-based wholesale payment and settlement system.
Project Khokha: South Africa’s Blockchain-Based Settlement System
The Proof-of-Concept (PoC) is for interbank transfers using Quorum, JPMorgan’s Ethereum-based blockchain. An official statement detailing the results of the pilot state that Project Khokha&rsquo