TY - GEN
T1 - Integrated DLT and non-DLT system design for central bank digital currency
AU - Sasongko, Danarto Tri
AU - Yazid, Setiadi
N1 - Publisher Copyright:
© 2020 ACM.
Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.
PY - 2020/11/16
Y1 - 2020/11/16
N2 - Central Bank Digital Currency (CBDC) is gaining popularity due to its potential benefit. However, experiments to explore the Distributed Ledger Technology (DLT) based CBDC is mostly done in the wholesale area, not in the retail area which has more impact on the public. This paper proposes a CBDC design where the digital currency or token that is distributed in the wholesale DLT network, can be widely accessed by the public through accounts provided by commercial banks. The proposed design maintains reliability as well as user-friendliness and scalability. This paper describes the architecture, infrastructure, and business process of the proposed design.
AB - Central Bank Digital Currency (CBDC) is gaining popularity due to its potential benefit. However, experiments to explore the Distributed Ledger Technology (DLT) based CBDC is mostly done in the wholesale area, not in the retail area which has more impact on the public. This paper proposes a CBDC design where the digital currency or token that is distributed in the wholesale DLT network, can be widely accessed by the public through accounts provided by commercial banks. The proposed design maintains reliability as well as user-friendliness and scalability. This paper describes the architecture, infrastructure, and business process of the proposed design.
KW - CBDC
KW - central bank digital currency
KW - DLT
KW - retail
UR - http://www.scopus.com/inward/record.url?scp=85099014239&partnerID=8YFLogxK
U2 - 10.1145/3427423.3427447
DO - 10.1145/3427423.3427447
M3 - Conference contribution
AN - SCOPUS:85099014239
T3 - ACM International Conference Proceeding Series
SP - 171
EP - 176
BT - Proceedings of 2020 International Conference on Sustainable Information Engineering and Technology, SIET 2020
PB - Association for Computing Machinery
T2 - 5th International Conference on Sustainable Information Engineering and Technology, SIET 2020
Y2 - 16 November 2020 through 17 November 2020
ER -