Integrated DLT and non-DLT system design for central bank digital currency

Danarto Tri Sasongko, Setiadi Yazid

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

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.

Original languageEnglish
Title of host publicationProceedings of 2020 International Conference on Sustainable Information Engineering and Technology, SIET 2020
PublisherAssociation for Computing Machinery
Pages171-176
Number of pages6
ISBN (Electronic)9781450376051
DOIs
Publication statusPublished - 16 Nov 2020
Event5th International Conference on Sustainable Information Engineering and Technology, SIET 2020 - Virtual, Online, Indonesia
Duration: 16 Nov 202017 Nov 2020

Publication series

NameACM International Conference Proceeding Series

Conference

Conference5th International Conference on Sustainable Information Engineering and Technology, SIET 2020
Country/TerritoryIndonesia
CityVirtual, Online
Period16/11/2017/11/20

Keywords

  • CBDC
  • central bank digital currency
  • DLT
  • retail

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