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.

https://www.resbank.co.za/SARB_ProjectKhokha.pdf

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