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| dc.title | Cross-Border Payments with Blockchain |
| dc.contributor.author | Allende López, Marcos |
| dc.contributor.author | Leal Batista, Antonio |
| dc.contributor.editor | Gutiérrez, Rubén |
| dc.contributor.editor | Da Silva, Marcelo |
| dc.contributor.editor | Pardo, Alejandro |
| dc.contributor.orgunit | Finance Department |
| dc.contributor.orgunit | IDB Lab |
| dc.contributor.orgunit | Technology and Transformation Department |
| dc.coverage | Latin America and the Caribbean |
| dc.date.available | 2021-04-07T00:00:00 |
| dc.date.issue | 2021-04-07T00:00:00 |
| dc.description.abstract | This document describes the proof-of-concept (PoC) developed by the Inter-American Development Bank, the IDB Lab, LACChain, Citi Innovation Labs, and ioBuilders to demonstrate cross-border payments between entities in different countries that involve currency exchange, using digital money represented by tokens -tokenized money- in the LACChain Besu Blockchain Network. For this PoC, Citi played the role of the bank holding the funds; the IDBs headquarters in the U.S. played the role of the sender of tokenized dollars; an individual in Dominican Republic played the role of recipient of tokenized Dominican pesos; LACChain provided the blockchain infrastructure and developed the back end, the smart contracts and the integrations; and ioBuilders provided technical advice and developed the front end. |
| dc.format.extent | 41 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0003189 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Cross-Border-Payments-with-Blockchain.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Blockchain |
| dc.subject | Digital Currency |
| dc.subject | Digital Technology |
| dc.subject | LACChain |
| dc.subject | Digital Payment |
| dc.subject | Financial Transaction |
| dc.subject | Cryptocurrency |
| dc.subject | Digital Asset |
| dc.subject | Smart Contract |
| dc.subject.jelcode | G20 - Financial Institutions and Services: General |
| dc.subject.jelcode | F24 - Remittances |
| dc.type | Learning Materials |
| idb.identifier.pubnumber | IDB-LM-00350 |
| idb.operation | BK-C2016 |