Line Financial Unveils Blockchain Platform "Optimized for CBDC"
[Asia Economy Reporter Bu Aeri] LINE has created a homepage introducing the 'LINE Financial Blockchain' platform tailored for Central Bank Digital Currency (CBDC) and released its open source on the 9th.
A LINE official stated, "It is a blockchain platform optimized for financial platforms, featuring proprietary blockchain technology with a consensus algorithm that excels in security and performance," adding, "It guarantees payment finality necessary to confirm transactions required by CBDC projects and provides scalability capable of handling fast speeds and large volumes of payments."
The open source project released this time is based on the LINE blockchain platform, allowing users to directly configure a blockchain suitable for their service by combining necessary modules through a layered structure and modular design.
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LINE is discussing CBDC platforms with central banks across Asia. LINE plans to develop customized CBDC blockchain platforms tailored to each country's policies and financial environment and supply them to interested central banks.
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