The National Bank of Cambodia (NBC) is tasked with formulating, implementing, and monitoring monetary and exchange rate policies. NBC regulates and supervises financial institutions in the country. It also oversees payment systems to ensure the stability of the financial sector. Moreover, it contributes to high and sustainable growth by enhancing interbank payments.

This Case Study
Related Solutions
Related Industries


Over the past decade, Cambodia's payment landscape has experienced significant growth due to economic expansion, political stability, technological advancement, and a need for faster services. Despite these developments, paper-based instruments such as cash and cheques continue to be widely used in retail and business payments. These traditional methods carry risks like counterfeit currency or fraudulent cheques.

Thus the National Bank of Cambodia (NBC) is prioritizing promoting electronic payment systems to reduce risk levels while making payments more convenient. Project Bakong is a wallet-based electronic currency powered by DLT, allowing for real-time secure peer-to-peer transactions without fees.

It has an open API connecting all payment service providers and a public mobile application that eliminates the need for individual banks to develop their own. Project Bakong aims to promote financial inclusion and decentralize financial transactions so users can conduct them independently.


About the Solution: Hyperledger Private Blockchain

Hyperledger Private Blockchain is an innovative technology that provides businesses with a secure, distributed ledger system. With Hyperledger Private Blockchain, businesses can create their private blockchain networks and securely store their data in the distributed ledger. This technology eliminates the need for centralized servers and makes it possible to maintain secure, private data on the network.

Related Industries

Each of these industries has its unique requirements and challenges. Our solutions are designed to meet those individual needs while providing cost savings through increased efficiency and reliability. Look at how our solutions are applied across industries and will continue to transform how we work daily.

Get in touch with everything blockchain

Subscribe to our newsletters for blogs and updates
about blockchain and related industries.