Project Khokha Technical Team form Adhara

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Project Khokha Comprises Adhara’s Technical Team

In consortium with seven commercial banks, the South African Reserve Bank (SARB) partnered with ConsenSys Solutions (comprised of the Adhara Technical Team) to build a proof-of-concept grounded in real-world performance, confidentiality requirements, and diverse bank hardware on the blockchain—without a single point of failure. By harnessing a permissioned blockchain network, the Istanbul Byzantine Fault Tolerance consensus mechanism, Pedersen commitments, and range proofs, Project Khokha was able to replicate interbank clearing and settlements in less than two hours.

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