{"id":44882,"date":"2021-06-24T09:45:56","date_gmt":"2021-06-24T06:45:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44882"},"modified":"2025-08-31T19:06:33","modified_gmt":"2025-08-31T16:06:33","slug":"bank-of-israel-employs-ethereum-technology-in-cbdc-experiments","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bank-of-israel-employs-ethereum-technology-in-cbdc-experiments\/","title":{"rendered":"Bank of Israel employs Ethereum technology in CBDC experiments"},"content":{"rendered":"<p>In Israel, Ethereum blockchain technology was adapted for a pilot project to study a central bank digital currency (CBDC), according to <a href=\\\"https:\/\/en.globes.co.il\/en\/article-bank-of-israel-adopts-ethereum-for-digital-shekel-trial-1001375607\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">Globes<\/a>.<\/p>\n<p>During the experiment the Bank of Israel&#8217;s IT division created digital wallets through which staff can transfer to each other \\&#8221;virtual shekels\\&#8221;.<\/p>\n<p>At this stage no real money is used, and the digital transfers are part of the tests.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;The use of Ethereum is carried out within a closed network and is in no way connected to the main currency network,\\&#8221; the publication noted.<\/p>\n<\/blockquote>\n<p>As part of the pilot, the central bank studies the economic, business, legal and technological aspects of issuing CBDC.<\/p>\n<p>Earlier, Deputy Governor Andrew Abir confirmed the regulator&#8217;s experiments with the digital shekel.<\/p>\n<p>Earlier BIS experts described CBDC as a concept whose time has come.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Israel, Ethereum blockchain technology was adapted for a pilot project studying a central bank digital currency (CBDC), according to Globes.<\/p>\n","protected":false},"author":1,"featured_media":44883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,46,734],"class_list":["post-44882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-ethereum","tag-israel"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44882"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44882\/revisions"}],"predecessor-version":[{"id":44884,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44882\/revisions\/44884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44883"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}