Central Bank Digital Currencies: How Should Privacy Be Built In?
This panel features Laura Shin, the host of Unchaine podcast, Rob Palatnick, managing director of global head of technology research and innovation at the DTCC and chairman of the Hyperledger board, Matthieu Saint Olive, Codefi payments product manager and CBDC advisor at ConsenSys, and Robert Bench, assistant vice president at the Federal Reserve Bank of Boston.
In this discussion on the current outlook on central bank digital currencies (CBDCs), they cover:
- What main problems CBDCs can solve?
- Whether CBDCs should be open-sourced.
- Why building a new technology for CBDCs is preferred over using existing tech.
- How concerns over CBDCs and their privacy implications differ across countries.
- What possible pain points or opportunities CBDCs pose for central banks.
- Whether CBDCs should be blockchain-based.
- To what extent CBDCs will be distributed and open networks, and whether fees would be charged for transactions.
- How central banks are thinking about methods of adoption, like whether they will bank directly with retail customers or still use commercial banks.
- How developers balance the drawbacks and benefits of blockchain-based CBDCs with different stakeholders.
- Whether stable coins will be replaced by or coexist with CBDCs.
- What the future holds for the continued development of CBDCs.
The panel took place at the special fifth anniversary Hyperledger event on December 9, 2020.