The following article is covering the efforts made to date by Israel and other new front runners in the Central Bank Digital Currencies (CBDC) niche: The Next Wave Of CBDCs: Israel, South Korea, Indonesia
The Bank of Israel has confirmed that they have created a committee to oversee the digital shekel project. The committee has already released a report, outlining their efforts to accelerate a local CBDC launch including a draft model and questions for public consultation.
The model illustrates a two tier structure in which the bank provides digital shekels to private sector payment providers (banks, credit card companies, fintechs, technology firms, etc.), who in turn act as the interface between the public and the bank. Through the use of DLT (decentralized ledger technology, similar to blockchain) or centralized ledgers.