CBDC
- Vipin Bharathan
OUR CBDC Pages
Response to Fed. Reserve CBDC Paper
CBDCs Centralized or Decentralized
Response to the Digital Dollar Project Whitepaper
Review of Whitepaper on CBDC
Central Bank Digital Currency
Many Central banks are contemplating the release of CBDC. CBDC drives most of the institutional interaction with Central banks today, this can be seen as "Wholesale CBDC". This is a well understood concept and is used every day. CBDC for retail is what we are really talking about when we say CBDC.
to be reorganized (projects|papers|presentations)
Central Bank Digital Currency: Towards A Composable Standards-Based Implementation
Review of Whitepaper on CBDC
Numerous Articles on CBDC from Vipin Bharathan
Forbes
https://www.forbes.com/sites/vipinbharathan
Medium article on monetary policy and CBDC: https://medium.com/@vipinsun/central-bank-digital-currency-1af7e072e660
Our projects
Presentations
Talk at Boston Hyperledger Meetup with Public Sector SIG
Vipin Bharathan, chair CMSIG
CBDC rationale, design & challenges.pdf - the pdf handout
The youtube meeting recording
Forbes The future of CBDCs and cryptocurrency From 23:58
With Ezecheil Copic, Fiona van Echelpoel, Benedicte Nolens and Marcelo Prates moderated by Vipin Bharathan
ECB PoC on CBDC
The European Central Bank organized the experts from ESCB to create a PoC under their EuroChain research lab. Working with Corda and Accenture to implement this.
https://www.ecb.europa.eu/paym/intro/publications/pdf/ecb.mipinfocus191217.en.pdf
What are the important features of this PoC?
- Anonymous as cash (at least that is the claim) and does not earn interest (or more importantly does not get slammed with negative interest)- especially for lower valued transactions
- Uses separate Intermediaries for custody and interaction by retail customers; ECB or Central banks do not interact directly with retail customers
- Only Central Banks can issue CBDC
- AML/KYC authority controls the amounts and destination (payee) since embargoed individuals can never receive payments.