India Blockchain Forum Co-founder Joins NBG Committee for CBDC Digital GEL Project

The National Bank of Georgia (NBG) has made a notable move by appointing Sharat Chandra, co-founder of the India Blockchain Forum, as a member of its technical partner selection committee for the CBDC Digital GEL project. This strategic decision underscores Chandra’s pivotal role in advancing blockchain technology and promoting international cooperation in the ever-evolving financial landscape.

 

A Visionary Project Takes Shape:

The National Bank of Georgia recently unveiled its ambitious plan to appoint a sole technology partner for the Digital GEL project, a visionary endeavor aimed at establishing a Central Bank Digital Currency (CBDC) for Georgia. This initiative represents a significant stride in embracing the potential of blockchain technology and digital currencies within the contemporary financial sphere.

 

A Global Impact:

Expressing his enthusiasm for this appointment, Sharat Chandra conveyed, “I am honored to be part of the National Bank of Georgia’s endeavor to develop a Central Bank Digital Currency. This project holds promise not only for Georgia’s financial sector but also as a beacon of innovation within the global blockchain community. I eagerly anticipate contributing to the committee’s endeavors.”

 

Conclusion:

In conclusion, the inclusion of Sharat Chandra, co-founder of the India Blockchain Forum, in the NBG’s technical partner selection committee for the CBDC Digital GEL project signifies a forward-looking approach to harnessing blockchain technology’s potential. This initiative not only underscores Chandra’s expertise but also highlights the broader significance of international collaboration in shaping the future of digital currencies in the global financial landscape.