Brazil’s Central Bank is teaming up with Chainlink and Microsoft to expand its digital currently pilot.
On Nov. 19, the Central Bank of Brazil (BCB) announced it will carry out the second pilot of its distributed ledger technology platform (DLT), Drex, in partnership with Chainlink, Microsoft Brazil, and Banco Inter.
The companies will work with BCB to build a blockchain-based trade finance solution leveraging Chainlink oracles to automate supply chain management and financing. The pilot will carry out cross-border agricultural commodity transactions involving multiple tokenized currencies and trading platforms.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
#undefined [Source: TheDefiant]