BOC Hong Kong Develops Proprietary Consortium Blockchain, Successfully Completes Second Phase Testing of Digital Hong Kong Dollar

According to ChainCatcher, Bank of China (Hong Kong) has announced the completion of the second phase of its pilot program under the Hong Kong Monetary Authority's "Digital Hong Kong Dollar+" initiative. The bank validated the programmability of digital currency in prepaid consumption and earmarked fund scenarios, using a self-developed consortium blockchain to test the "unified wallet" concept, and conducted over 1,500 transactions at Pacific Coffee.