Bank of France building a digital currency team

By Yana Khlebnikova

16:06, 19 November 2019

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The central bank is searching for a blockchain analyst and a development engineer for digital currency project

The central bank of France is searching for a blockchain analyst and a development engineer to implement its digital currency project.

From the job listing, the analyst has to be experienced at crypto economics, as well as public and private blockchains. The development engineer is expected to study the implementation of blockchain in banking area. The specialist will interact with other blockchain employees in EU and participate in various proof-of-concepts both in the bank and outside it.

FURTHER READING: What is blockchain

In the job posting the bank cites Bitcoin and Ethereum blockchains as successful examples of public ledgers, while Quorum, Hyperledger and Corda are mentioned as iconic private blockchains.

The move comes shortly after the finance ministers of both France and Germany agreed to block Libra’s introduction, stating that no private entity can claim monetary power, which is inherent to the sovereignty of nations.

In 2016, Bank of France trialled blockchain technology in a project aimed to simplify the cross-border Euro transfers within the Single Euro Payments Area (SEPA).

FURTHER READING: Central bank group appoints leader for new digital currency unit

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