Project Khokha Comprises Adhara’s Technical Team
to build a proof-of-concept grounded in real-world performance, In consortium with seven commercial banks, the South African Reserve Bank (SARB) partnered with ConsenSys Solutions (comprised of the Adhara Technical Team)
![19](https://www.adhara.io/wp-content/uploads/2018/05/19.png)
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.