This is a decisive decade
Let’s face it, the world’s current central bank clearing house and payment system is outdated and incapable of providing the necessary speed, efficiency, and transparency required of the dynamic forces shaping the global commercial and consumer markets. Business, financial markets, and consumers are held back by an outdated banking system that is dated from the first years of the 20th century. Cash in the form of paper and coins is not the future. The future is digital currency.
For over one-hundred years central banks have exercised a monopoly on currencies. The rapid decline in cash usage will make government control less important, and perhaps impossible. Large corporations and institutions are assuming absolute control over the infrastructure and system for settling debts and payments. Central banks will lose control, and in doing so weaken governments’ ability to enforce essential laws guaranteeing a market place absent chaos and worse.
Central banks are statutorily required to promote a safe and efficient settlement system. As the market place and international trade become more digitalized cash will become less important and a nation’s currency will be less controllable by its issuing government. The current trend in high-tech and fin-tech is to use less cash because it is too costly and too slow.
New technology, demands, and trade has brought to the forefront the obligation central banks have to their citizens, consumers, and finance/trade. Central banks are in discussions and negotiations with political, business, and finance leaders about innovations and future methods for advancing their role in the coming digitalized financial world.
About our Research & Development
The world need examples on how to do it differently
a broadly based DLT and CBDC research organization with international top-level outreach and expertise to carry out CBDC development
we conduct R&D on behalf of all central banks in a mission to lessen the burden for central banks around the world in-house research and development
as an independent, non-profit research organization. The contributions and profits of our research and project will be invested in furthering new research
Hold tight as we get our working robots together and apply independent research and technology for a better society
As marginalization of cash continues
a Central Bank Digital Currency will ensure that the general public still has access to a state-guaranteed means of payment.
Advocating for platforms and infrastructural development that will ensure every nation’s sovereignty in terms of control and ownership of payment infrastructures
Our goal is to be a world-leading research institute for CBDC
We propose that central bank’s all around the world start developing a pilot project, with the aim of the concept that constitutes a live test.
The repair of the settlement system
For the last hundred years, the central bank has had a monopoly on issuing cash. If we continue with the rapid pace cash decline we see in some societies, states will find themselves in a situation where the roles have changed, and all payments the general public have access to is issued and controlled by commercial companies and institutions. Except for the central bank internal system for payments between banks and financial institutions, private ownership would be in control of the entire payment infrastructure and market.
The payments system is evolving very rapidly! The digitization of the financial system has been going on for decades (e.g., dematerialization of financial assets, electronic trading platforms, digital and mobile banking, etc.). So, why shouldn’t cash also become digital? The digital currency could become the equivalent and the alternative to cash in an electronic form, complementing the states monetary policy in offering state-backed physical cash!
Coding the CBDC platform. A technology- first approach
Our mission is to even out the playing field for everyone through R&D projects by advocating for platforms and infrastructural development that will ensure every nation’s sovereignty in terms of control and ownership of payment infrastructures. The organization’s advocacy for central bank digital currency will ensure that anyone can be able to settle any payment from anywhere to anyone at any time.
