Sarb says blockchain project exceeds expectations
System has capability to process twice the number of transactions as the current RTGS system
The South African Reserve Bank’s blockchain proof of concept has the capability to process twice the number of transactions than the country’s current real-time gross-settlement system (RTGS) can handle, a recent report finds.
“The final results were positive, indicating the Quorum platform can deliver the performance required, matching and even exceeding the current performance criteria,” the central bank announced in its first official publication related to the initiative, Project Khokha.
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