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Observations from the FooWire Project: Experimenting with DLT for Payments Use

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  • Jillian Buttecali
  • Zachary Proom
  • Paul Wong

Abstract

In 2019, a team at the Federal Reserve Board (Board) conducted small-scale experimentation, named the "FooWire project," to build a payment system using distributed ledger technology (DLT). The team built the system using Hyperledger Fabric, a popular DLT platform, because it generally met the team's design requirements of a closed network, mature technology, and enterprise readiness.

Suggested Citation

  • Jillian Buttecali & Zachary Proom & Paul Wong, 2020. "Observations from the FooWire Project: Experimenting with DLT for Payments Use," FEDS Notes 2020-08-13-1, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgfn:2020-08-13-1
    DOI: 10.17016/2380-7172.2737
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    File URL: https://www.federalreserve.gov//econres/notes/feds-notes/observations-from-the-foowire-project-experimenting-with-dlt-for-payments-use-20200813.htm
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