Over the past year, CBDCs have emerged as the holy grail of cross-border payments, making payments faster and more cost-effective for wholesale and retail markets. While CBDCs promise to deliver significant value, there are several hurdles central banks need to clear. Top of mind is which technology to use – DLT, centralized database, or existing
In our previous articles on this series on “Central Bank Digital Currencies”, Darko has written about the benefits and difficulties of CBDC, and Richard introduced how such a currency would look like in Daml. In this article, I want to add a few thoughts on the technological properties a sound CBDC solution should provide. There
CBDC modeling in a nutshell Continuing our blog series on Central Bank Digital Currency (CBDC), in this post, we will highlight the main features of digital money and how they can be implemented with Daml smart contracts. We are also going to show some examples in the form of the actual Daml code. Functionalities of