HSBC Completes Technical Testing and Public Survey for the "e-HKD+" Project by the Hong Kong Monetary Authority, Focusing on Applications, Privacy Protection, and Scalability of e-HKD on DLT Platforms.
HSBC is testing the e-HKD issuance mechanism on public and private blockchains such as Arbitrum, Ethereum, Linea, Polygon, while surveying users showing 90% are concerned about transaction security, with 1/3 willing to use e-HKD for cryptocurrency transactions.
- HSBC completes technical testing and extensive survey of e-HKD in DLT environment.
- Testing e-HKD issuance on multiple public and private chains.
- 90% of survey participants are concerned about transaction security, 1/3 are ready to use e-HKD for digital transactions.
How Did HSBC Conduct Technical Testing in the e-HKD+ Project?
HSBC confirms completing technical testing steps in the e-HKD+ project as required by the Hong Kong Monetary Authority, focusing on ensuring applicability, scalability, and privacy protection for e-HKD on DLT technology platforms.
Testing across multiple public blockchain and private chain platforms helps HSBC gain a comprehensive view of potential and challenges in national digital currency deployment. Previously, HSBC verified compatibility on Arbitrum, Ethereum, Linea, Polygon, and the bank's private blockchain.
HSBC stated: "We have conducted a comprehensive technical test and public survey to clearly identify key issues such as practical application, security, and scalability for e-HKD. The obtained results will serve as a basis for deployment in real-world scenarios."
HSBC Leadership Statement, July 2024
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