2020-07-15
- Vipin Bharathan
- Tomaz Sedej
- Duncan Johnston-Watt
Capital Markets Special Interest Group meets at 10:00 am EDT (14:00 UTC).
Join via: https://zoom.us/my/hyperledger.community.backup
Or iPhone one-tap : US: +16465588656,,4034983298# or +16699006833,,4034983298# Or Telephone: Dial(for higher quality, dial a number based on your current location): US: +1 646 558 8656 or +1 669 900 6833 or +1 855 880 1246 (Toll Free) or +1 877 369 0926 (Toll Free)
Meeting ID: 622 333 6701 International numbers available: https://zoom.us/u/bAaJoyznp
Date
Attendees
- Tareq Assi
- Natalia Garciagonzalez
- Duncan Johnston-Watt
- Kumaravel N
- Junji Katto
- @Renato Lopes
- @Karim Vincent Berrada
- Manivannan Pillai
- Mark Wagner (Deactivated)
- Paulo Rodrigues
- Ron Quaranta
- @Stephane Mouy
- Tareq Assi
- @Amy Kim
- Elena Treshcheva
- Jim Mason
- Eugenio Reggianini
Main Event
Digital Dollar Project (DDP): An open discussion on the whitepaper
- Karen Ottoni will provide a summary of the paper to initiate the discussion
- Open forum:
- What are your thoughts related to a US Digital Dollar?
- What is missing from the paper or outstanding questions you have?
- Which of the use cases presented is most compelling to you? Which is most likely to come first, why?
- Are there other models that should be considered?
- Token-based digital dollar vs. account-based digital dollar
- DLT vs. no DLT? Permissioned vs. Permissionless?
Related material:
Discussion items
Time | Item | Who | Notes |
|---|---|---|---|
| 5 min | Anti-Trust & code of conduct | VB | |
| 50 min | DDP discussion + Q&A | KO& All | |
| 5 min | AOB |
Recordings
Links from the chat
DDP and financial inclusion: https://www.forbes.com/sites/vipinbharathan/2020/06/29/digital-dollar-project-in-light-of-recent-congressional-hearings/#73d1c3112dc2
Mani Pillai : https://www.digitaldollarproject.org/exploring-a-us-cbdc
Vipin Bharathan : DDP presentation curated by Accenture next Tuesday the 21st registration link: https://web.cvent.com/event/eabf680b-51c0-4d76-b975-b2e7735548d5/summary?rp=00000000-0000-0000-0000-000000000000
Duncan Johnston-Watt : https://www.isda.org/tag/common-domain-model/
Minutes
Questions:
- Interoperability. Answer: use standards
- Privacy vs AML/KYC - (see above) Stephane Mouy: One question - How does this proposal accommodate Anti-money laundering requirements ? Although the account model no doubt has many limitations and is costly, one benefit is that it puts the onus on established third parties (financial service providers which are regulated entities) to ensure compliance with AML requirements. How would this apply here?
- How does it co-exist with cash? - RonQ
- Peer to peer without eventual reconciliation.
- Focus on payments infrastructure.
- Two tier system vs direct claims - tokens migrating- distribution of cbdc through ATMs
- What about the cloud architecture should support the project? How AWS, Google, Microsoft and other big players will interact with Fed?
The CMSIG can collaborate on a response to the DDP whitepaper. This is totally up to the group.
A page to co-ordinate the response to DDP has been created.