TechFlow news, November 19 — According to Cointelegraph, the Central Bank of Brazil (BCB) announced the launch of the second-phase pilot program for its central bank digital currency (CBDC), Drex. Chainlink, Microsoft, and Banco Inter will jointly participate in the initiative. This phase will focus on developing trade finance solutions based on oracle and blockchain technologies, aiming to optimize cross-border agricultural commodity transactions and supply chain processes.
Chainlink will provide Cross-Chain Interoperability Protocol (CCIP) to support secure cross-platform transactions, enabling a blockchain-based "Delivery versus Payment" (DvP) mechanism. Microsoft will supply cloud infrastructure, while Brazilian digital bank Banco Inter will lead the local implementation of the Drex platform in Brazil. The pilot program will run until 2025, covering digital asset use cases such as government bond liquidity pools and international trade, with the goal of addressing the "trilemma" of decentralization, privacy, and programmability.
