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The FAB pilot follows Bank ABC’s in Bahrain. JPMorgan also just launched its Tokenization Collateral Network on Onyx. JPMorgan’s Onyx Coin Systems has scored another win in the Middle East with the completion of a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB). The pilot phase was “executed seamlessly with satisfactory response times,” according to a statement.  The FAB pilot wound up weeks after a similar test in Bahrain, where Bank ABC had been testing the Onyx system and proceeded to a limited launch of services. FAB said it was continuing to explore the opportunities the system offers. JPMorgan’s permissioned distributed ledger was launched in 2020 and has been gaining momentum in recent months. JP Morgan Onyx Digital Assets & Blockchain head Tyrone Lobban said earlier this month the platform currently processes between $1 billion and $2 billion a day. FAB Bank completes blockchain # payments pilot with J.P. Morgan:#UAE First Abu Dhabi B...

With the toolkit developers and security researchers can test, analyze and debug transactions via controlled private fork chains from the Ethereum mainnet. Blockchain security tech firm BlockSec has launched a new toolkit that enables collaborative testing on private chains “forked from arbitrary (transaction) positions” and block numbers on the Ethereum mainnet. The developer and security researcher-focused toolkit is dubbed the “Phalcon Fork” and was launched by BlockSec on April 14. We're thrilled to introduce Phalcon Fork, a cutting-edge toolkit for Web3 developers & security researchers! It enables collaborative testing with private mainnet states, creating private chains forked from any mainnet position. #Web3 #DeFi pic.twitter.com/TlK169GeLP — BlockSec (@BlockSecTeam) April 14, 2023 Phalcon Fork aims to provide greater control over work being conducted on test nets such transaction testing , Analysis and debugging. In the user manual, BlockSec touts that this ...

According to SWIFT, 24% of central banks will introduce a CBDC within the next couple of years. According to a statement on Mar. 9, bank messaging platform Society for Worldwide Interbank Financial Telecommunications, or SWIFT, disclosed that the financial institution witnessed positive results related to its pilot test of linking different central bank digital currencies (CBDCs). During a 12-week testing period, SWIFT simulated nearly 5,000 transactions between two different Blockchain networks and existing fiat payment systems. Over 18 financial institutions worldwide participated in the study, including the Royal Bank of Canada, Banque de France, Société Générale, BNP Paribas, Monetary Authority of Singapore, HSBC, Deutsche Bundesbank, NatWest, and more. As told by SWIFT: "Overall, the results of the sandbox testing found that Swift’s experimental interlinking solution can meet the needs of central and commercial banks for CBDCs interoperability, ensuring CBDCs can be succes...