Rob Palatnick, a tech innovator at the DTCC; Matthieu Saint Olive, CBDC advisor at ConsenSys; and Robert Bench from the Federal Reserve Bank of Boston discuss the future of central bank digital currencies (CBDCs). They delve into how CBDCs can enhance transaction efficiency and the importance of privacy in their design. The panel examines the balance between decentralization and centralization, the challenges of adoption, and the potential coexistence of stablecoins with CBDCs. Perspectives on global privacy concerns and local needs also take center stage.
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insights INSIGHT
CBDC Benefits
CBDCs offer potential benefits like improved payment rails and liquidity management.
Programmability and digitization are key advantages of CBDCs in wholesale markets.
insights INSIGHT
Open-Source CBDCs
Governments already use open-source code, and CBDC solutions could follow suit.
Open sourcing promotes transparency and community involvement in development.
insights INSIGHT
Global CBDC Concerns
Different countries have varying concerns and priorities regarding CBDCs.
Factors like existing financial infrastructure and cultural values influence these concerns.
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This panel, from a panel for the fifth anniversary of Hyperledger, features 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
and what the future holds for the continued development of CBDCs
Unchained 
