Brazil Crypto Report #141: Drex Test Drive: Takeaways from Brazil's CBDC Pilot
Phase 1 of Brazil's ambitious Drex CBDC pilot is in the books. The project has proven successful thus far, but privacy and scalability challenges remain - prompting the Central Bank to conclude that a "major adaptation" is required for Drex to become a core piece of Brazil's financial infrastructure.
In this episode, Marcos Viriato of Parfin, Leandro Pereira of Nuclea, Ricardo Paixão of CRIA (and the Brazilian Congress), join host Aaron Stanley to explore the findings of an extensive new report published by the bank to conclude Phase 1.
They provide an insider perspective on the road ahead for Drex as Brazil continues its push towards a tokenized financial system.
00:03 - Introduction and market expectations
03:06 - DREX project explanation and objectives
05:36 - Analysis of the Central Bank's technical report
09:26 - The privacy challenge explained
13:56 - The Drex Trilemma
17:25 - Scalability considerations
22:24 - Discussion of Hyperledger Besu infrastructure
27:47 - Sponsor break
29:20 - Second phase pilot and resource constraints
36:14 - Current use cases and integration challenges
48:00 - Market outlook and tokenization beyond DREX
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