Project Jasper project
Overview
The Bank of Canada and Payments Canada, in conjunction with R3 and several Canadian financial institutions, conducted Project Jasper, an experimental initiative to assess whether distributed ledger technology could facilitate wholesale interbank payment settlement. The project gained attention as an early instance of a central bank engaging with the private sector on a DLT trial. During Phases I and II, carried out in 2016 and 2017, the participants evaluated a prototype built on Ethereum against R3's Corda platform for processing high-value payments. Phase III, which took place in 2018 alongside TMX Group and Accenture, expanded the scope to include the combined settlement of cash and securities listed on the TSX using a shared ledger.
Within The Counterparty graph, Project Jasper connects to 1 tracked entity, most strongly to Bank of Canada.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Bank of Canada | 99% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
Who took part in Project Jasper?
Participants included the Bank of Canada, Payments Canada, R3, Canadian banks, TMX Group and Accenture, the last two joining for Phase III.
What technologies did Jasper test?
Phase I used an Ethereum-based platform; Phase II employed R3's Corda; Phase III tested an integrated platform for payments and securities settlement.