Why Open Source Technology Is Critical to Widespread Adoption of CBDCs and Other Digital Currencies
Talkat Open Source in Finance Forum New York 2022 · on Thursday, 2022-12-08· at 16:55· HALL 2, New York, NY, USA·
summary
DTCC runs a pilot with the Digital Dollar Project using Hyperledger components and Project Hamilton code, involving nine participating banks and two simulated networks — a cash network and a securities network — bridged by an orchestrator to enforce settlement finality; results show the design works for functional testing but leave performance, scalability and privacy questions open. Key claims: open source enables interoperability and faster hardening; near-term adoption likely favors regulated settlement coins over full CBDCs.
AI-written summary · about
chapters (6)
- 0:00Open source and CBDCs
- 6:57Why open source matters
- 10:04Interoperability challenges
- 14:01DTCC’s Digital Dollar pilot
- 21:03CBDC predictions 2024
- 27:41Regulation and innovation
related talks
29mDigitizing Financial Inclusion: Open Source’s Role in Wholesale CBDC-enabled Real Ti...
30mKeynote: Regulation Innovation Panel
32mOpen Source Blockchain in Action: A Report from th...
39mIt Takes a Village: Why Open Source and Open Development are the Keys to Blockcha...
17mKeynote: Robert Palatnick, Managing Director and Chief Technology Architect, DTCC
21mPanel Discussion: Innovation, Interoperability and Scale: How Open Devel...
27mPanel Session: The Next Phase for Digital Money: From Pilots to Production in Korea and Beyond with Open Source
55mFuture Currency
