Digital currency Institute, Hong Kong Monetary Authority, Bank of Thailand and Central Bank of United Arab Emirates all announced the number of multilateral central banks.
The use case manual of Biqiao project briefly introduces the project application scenario and test progress.
I. Development history
The digital currency Bridge Project of the Multilateral Central Bank was originally a bilateral pilot project between the Bank of Thailand and the Hong Kong Monetary Authority.
In 20 17, the Hong Kong Monetary Authority began to study the central bank's digital currency project and named it LionRock, or Lion Mountain.
Lion Mountain is a famous mountain in Hong Kong, shaped like a lion. Hong Kong has also been passed down by word of mouth. It is a "lion" that actively inspires people to struggle.
2065438+August 2008, the Bank of Thailand released the Central Bank digital currency (CBDC) project named Inthanon, with 8 projects in China.
Commercial banks are involved. The author looked up relevant information and found that Inthanon seems to represent the doi of Zuoshan, Chiang Mai, Thailand.
Because Thanong is the highest mountain in Thailand.
20 19 in may, two CBDC in hong kong and Thailand launched the "mountain alliance" and launched the Inthanon-LionRock project.
The purpose is to study the application of CBDC in cross-border payment.
In September, 20 19, the first phase of the Yingtanon-Lion Mountain Project was started and completed in February of that year. This stage is mainly about technology.
Open technology, the two sides and 10 participating banks from both places have successfully developed the Distributed ledger technology (distributed
Proof of concept prototype (DLT) based on ledger technology.
Second, what is the principle?
In September, 20021,the Hong Kong Innovation Center of the Bank for International Settlements published "From Lion Mountain to Bridge: Architecture".
I. Periodic summary report of multi-cbdc international payment platform (hereinafter referred to as "report").
According to the report, mBridge was born out of the Intanon-Lion Rock stage, and its technical principles and some concepts were inherited.
Itanon-Lion Mountain. MBridge will also adhere to the three principles of no harm, compliance and interoperability to "aim high"
Overall design and iteration of a new generation of efficient cross-border payment infrastructure.
Target.
Third, the system construction of mBridge has a 3 E layer system:
The 1 layer is the core layer: this layer contains the blockchain distributed ledger technology and its related data.
It is also the realization layer of intelligent contract logic programming.
The second layer is the back-end application layer, which provides identification, access, routing functions, wallet signature, key management and external services for the 1 layer.
Exchange mechanism, etc.