Most central banks are researching or experimenting with central bank digital currencies (CBDC) – an increasingly hot topic across the globe.
Examples include China’s journey towards a digital yuan to the Bahamas’ launch of its ‘sand dollar’. The European Central Bank (ECB) will decide whether to start a CBDC project by mid-2021. CBDC is also among six priorities set out by the Bank for International Settlements’ (BIS) Innovation Hub in its 2021-2022 work programme.
With a group of leading central banks having identified the ‘foundational principles’ required for CDBCs (in October 2020), focus is increasingly turning to the technology that will help deliver CBDCs.
With central banks collectively representing one fifth of the world’s population likely to launch retail CBDCs in the next three years (according to BIS), this webinar – supported by our knowledge partner Amazon Web Services – will examine the different technological solutions that will deliver CBDCs.
Focusing on retail (or general purpose) CBDCs that are issued to the general public – our panel will address these questions:
• What are the main technological considerations for those exploring CBDCs?
• Are the technologies available – both blockchain and centralised databases – capable of rising to the challenge of delivering CBDCs?
• How do ambitions for enhanced features such as programmability (‘programmable money’) and offline use impact on the technology questions?
• How can CBDCs’ design deliver real benefits for citizens and national economies?
• Alistair Milne, Professor of Financial Economics, School of Business and Economics, Loughborough University
• John Velissarios, Global Managing Director – Blockchain Technology Lead, Digital Assets, Custody & Central Bank Digital Currencies, Accenture
• David MacKeith, Principal Business Development Manager, Amazon Web Services EMEA
• Sayuri Shirai, Professor of Economics, Faculty of Policy Management, Keio University, Japan