BNP Paribas, CA CIB choose Ethereum, Tezos to explore digital asset settlement

French international banking group BNP Paribas is in the news after the conglomerate, along with the French bank CA CIB and the French investing company Caisse des Dépôts, announced the launch of a project exploring a digital interbank currency (DIBC).

The venture in question will also include tokenizing solutions firm Tokeny and The Blockchain XDEV (A subsidiary of the Blockchain Group). In fact, the project’s members have even called upon other international participants, with the project expected to be completed by 2021.

The participants in question have chosen Ethereum and Tezos blockchain technologies to explore how financial transactions involving digital assets can be settled on platforms. It should be noted, however, that the announcement from The Blockchain Group does not explain why Ethereum and Tezos were the ones chosen.

It might be argued that ConsenSys’s recent projects have sent a signal to several central banks to explore Ethereum’s tech, especially after it announced the development of a PoC with the Bank of Thailand for a digital Baht. Read More

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