Our cooperation partner Frankfurt School Blockchain Center has published a working paper on the Digital Euro and Central Bank Digital Currencies in general.
The Digital Euro and the Role of DLT for Central Bank Digital Currencies
Authors: Manuel Klein, Jonas Gross, Philipp Sandner
Here are their key findings:
- Digitization has reached the monetary system.
- Using Distributed Ledger Technologies (DLT) can enhance the security of sensitive financial transaction data, increase transaction speed through faster processing and settlement, and automate numerous business processes through smart contracts.
- DLT can be used both to digitally represent bank deposits and to tokenize central bank money via central bank digital currencies (CBDCs).
- The Bank of England pioneered this movement and started to analyze the introduction of its own CBDC already in 2014.
- Currently, the People’s Bank of China and the Swedish Riksbank run DLT-based CBDC projects and prototypes.
- The European Central Bank (ECB) is considering similar initiatives.
You can read the full paper on Medium or download it as a PDF.
New Frankfurt School Blockchain Center Publication on Central Bank Digital Currencies
Our cooperation partner Frankfurt School Blockchain Center has published a working paper on the Digital Euro and Central Bank Digital Currencies in general.
The Digital Euro and the Role of DLT for Central Bank Digital Currencies
Authors: Manuel Klein, Jonas Gross, Philipp Sandner
Here are their key findings:
You can read the full paper on Medium or download it as a PDF.
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