{"id":521959,"date":"2021-10-08T11:27:49","date_gmt":"2021-10-08T11:27:49","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=521959"},"modified":"2021-10-08T11:27:49","modified_gmt":"2021-10-08T11:27:49","slug":"emtech-and-hedera-hashgraph-join-forces-for-highly-performant-trusted-and-energy-efficient-central-bank-blockchain-infrastructure","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/emtech-and-hedera-hashgraph-join-forces-for-highly-performant-trusted-and-energy-efficient-central-bank-blockchain-infrastructure\/","title":{"rendered":"EMTECH and Hedera Hashgraph join forces for highly performant, trusted and energy efficient Central Bank Blockchain infrastructure"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-521962 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1628018277343.jpeg\" alt=\"EMTECH, Hedera Hashgraph, USA\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1628018277343.jpeg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1628018277343-150x150.jpeg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1628018277343-100x100.jpeg 100w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/>EMTECH, a <a href=\"https:\/\/emtech.com\/\">software company<\/a> modernizing central banking infrastructure for financial inclusion and resilience with blockchain-based platforms, and <a href=\"https:\/\/hedera.com\/\">Hedera Hashgraph<\/a>, provider of the most used, sustainable, enterprise-grade public network for the decentralized economy, recently announced a partnership to develop an enterprise-grade, highly performant, highly secure and energy-efficient CBDC (Central Bank Digital Currency) infrastructure product.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The joint effort will bring together EMTECH\u2019s Ethereum-based CBDC Core Solution and Hedera\u2019s public ledger, targeting a faster, more secure alternative to legacy blockchain consensus mechanisms.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cBlockchain technology and the mechanisms of distributed ledgers are new and important, especially for emerging markets. In developing a cash-like central bank digital currency, we know scalability, resilience and performance are expected,\u201d said EMTECH CEO and co-founder\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.linkedin.com\/in\/carmellecadet\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Carmelle Cadet<\/span><\/a><span data-preserver-spaces=\"true\">. \u201cThis partnership brings both companies\u2019 unique capabilities together, to design modern financial market infrastructures that deliver on those key principles. CBDC is more than a software application, it\u2019s an infrastructure, and we want to get it right.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In addition to research and development for low-cost, higher-energy efficiency, and financially inclusive solutions, EMTECH and Hedera Hashgraph will collaborate on ecosystem engagement, innovation, and capacity building around CBDCs, stablecoins, digital assets and distributed ledger technology more broadly, particularly in Africa and the Caribbean.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe\u2019re thrilled to collaborate with EMTECH to give central banks around the globe the opportunity to explore realistic ways to bring CBDCs to fruition, and this collaboration will enable a groundbreaking use of the Hedera network and services,\u201d said\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.linkedin.com\/in\/manceharmon\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Mance Harmon<\/span><\/a><span data-preserver-spaces=\"true\">, CEO of Hedera Hashgraph. \u201cThis partnership is about delivering high performance, and high trust. We\u2019re excited to see how EMTECH will meet and exceed the criteria and demands for scalable, secure CBDC solutions.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">EMTECH decided to leverage the Hedera Consensus Service (HCS) because of its flexibility, scalability, decentralization, and sustainability. EMTECH\u2019s Private CBDC Platform will look to leverage the fast, fair, and secure hashgraph consensus algorithm, which provides an Asynchronous Byzantine Fault Tolerant (ABFT) ordering service within and between each network.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cA country&#8217;s digital currency impacts its entire economy. It\u2019s critical that the technology powering it is built with security, scalability, resilience, and performance in mind,\u201d said EMTECH Chief Technical Officer\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.linkedin.com\/in\/taborwells\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Tabor Wells<\/span><\/a><span data-preserver-spaces=\"true\">. \u201cIt\u2019s exciting to be partnering with Hedera Hashgraph, who shares EMTECH\u2019s commitment to delivering solutions that meet those needs.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The partnership will further leverage EMTECH\u2019s Modern Regulatory Sandbox to enable safe testing for financial service providers looking to engage regulators on distributed ledger-based financial services such as stablecoins and digital assets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">EMTECH\u2019s Modern Central Bank Sandbox\u2122 Platform, a digital regulatory platform, enables central banks to collaborate with the broader ecosystem of private-sector innovators and established stakeholders on one platform to bring fintech technologies to market faster while addressing key regulatory reporting, risk and innovation challenges.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Hedera\u2019s hashgraph consensus-based public ledger achieves the highest grade of security possible (ABFT), with ultra-fast transaction speeds and low bandwidth consumption to provide high-throughput, low fees and finality in seconds. EMTECH\u2019s Sandbox Platform will offer the Hedera Token Service (HTS) and the Hedera Consensus Services (HCS) for various innovators once launched.<\/span><\/p>\n","protected":false},"author":35276,"featured_media":521962,"parent":0,"template":"","categories":[11385,11396,11373],"tags":[12849,16772,16770,16100,12851,11661,16768,11871,16771,16769,11502,11416],"class_list":["post-521959","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-blockchain","category-cryptocurrency","category-regtech","tag-africa","tag-asynchronous-byzantine-fault-tolerant","tag-caribbean","tag-central-bank-digital-currency","tag-digital-assets","tag-distributed-ledger","tag-emtech","tag-ethereum","tag-hedera-consensus-service","tag-hedera-hashgraph","tag-regulatory","tag-usa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EMTECH and Hedera Hashgraph join forces for highly performant, trusted and energy efficient Central Bank Blockchain infrastructure<\/title>\n<meta name=\"description\" content=\"EMTECH, a software company modernizing central banking infrastructure for financial inclusion and resilience with blockchain-based platforms\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/emtech-and-hedera-hashgraph-join-forces-for-highly-performant-trusted-and-energy-efficient-central-bank-blockchain-infrastructure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMTECH and Hedera Hashgraph join forces for highly performant, trusted and energy efficient Central Bank Blockchain infrastructure\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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