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Bank of Israel’s Digital Shekel Challenge Highlights COTI’s Blockchain Innovation in CBDC TheNewsCrypto 31 Oct 2024

Bank of Israel’s Digital Shekel Challenge Highlights COTI’s Blockchain Innovation in CBDC 🇮🇱

Fireblocks Bank of Israel Tel Aviv COTI PayPal

The Bank of Israel's Digital Shekel Challenge concluded with final presentations and awards at the Tel Aviv Stock Exchange. The event showcased the capabilities of various teams in utilizing blockchain technology.

COTI stood out with their innovative Layer 2 privacy blockchain, which enabled a decentralized marketplace for Real-World Assets (RWAs). This demonstrates the potential for privacy-focused solutions in the evolving digital currency landscape.

Teams such as PayPal and Fireblocks also participated, highlighting the competitive nature of the challenge and fostering advancements in blockchain applications for central bank digital currencies (CBDCs).

Source: thenewscrypto.com ↗

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