The Reserve Bank of Australia (RBA), the country’s central bank, has released a report outlining use case proposals for its Central Bank Digital Currency (CBDC).

The RBA said on Mar. 2 local time that financial industry participants were also chosen to implement the chosen use cases and were invited to participate in a live pilot that is to take place over the coming months.

The use cases proposed by the RBA included offline payments, tax automation and a CBDC for “trusted Web3 commerce.”

Selected CBDC use cases and the providers of each. Source: RBA

The selected partners for the use case trial ranged from banks, such as Commonwealth Bank and Australia and New Zealand (ANZ) bank to payment providers such as Mastercard.