by Jake ClaverCBUAE CBDC strategy, R3, and G42: inside a central bank's digital-money build
The Central Bank of the UAE launched its Digital Dirham CBDC strategy and engaged G42 Cloud and R3 as infrastructure and technology providers. It is a documented look at how a central bank is actually building digital money.
The Official Research Angle
Supporting material comes from the R3 CBUAE FIT Programme page. CBUAE Digital Dirham PDF, a research document from the organizations involved, states it directly:
> “The Digital Dirham” Abu Dhabi (23 March 2023): The Central Bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the commencement of the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy, one of the nine initiatives of the CBUAE’s Financial Infrastructure Transforma…
What This Means For XDC
What it changes for the XDC Network ecosystem: it places ecosystem narratives inside the same problems central banks are trying to solve, like settlement speed and risk.
One caveat for honest use: Do not preserve unsupported XDC/Corda linkage unless a direct source is recovered.
From The Source
