How the SA Reserve Bank’s Ethereum project works

Jamie McKane

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How the SA Reserve Bank’s Ethereum project works

The South African Reserve Bank recently concluded a pilot project called Project Khokha, in which eight banks tested an Ethereum-based interbank payments platform.

Currently, the SARB runs a system called the South African Multiple Option Settlement system (SAMOS) to perform real-time gross settlements between local banks.
 

acidrain

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Misleading title. The project is as close to Ethereum as Bitcoin Cash is to Bitcoin.
 

HavocXphere

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Misleading title. The project is as close to Ethereum as Bitcoin Cash is to Bitcoin.
Yeah that sounds more like blockchain than crypto per se

Surprised they didn't run transactions through it though. They could easily have diverted a tiny fraction of their interbank settling that way as PoC even if it's a 100 bucks.
 
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