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Illya Gerasymchuk
Entrepreneur / Engineer

91% of central banks are working on CBDCs, but not on a public blockchain

91% of central banks are working on CBDCs, but not on a public blockchain 85 out of 93 central banks (โ‰ˆ94% of global economic output) are engaged in some form of CBDC work however, don't expect CBDCs to be implemented on permissionless blockchains like Ethereum

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only 6% of advanced economies (AE) central banks and 40% of emerging economies (EM) central banks are considering distributed ledger technology (DLT) as an implementation layer for retail CBDCs here, consider DLT = blockchain

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>50% of central banks in both, advanced and emerging economies are considering using DLT for wholesale CBDCs this means that wholesale CBDC is likely to be implemented using some form of blockchain technology - much more likely than the retail CBDC

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however, even if CBDCs are implemented using blockchain - it's unlikely to be a public, permissionless blockchain like Ethereum

>80% of central banks plan to operate the DLT/blockchain for wholesale CBDCs themselves, hinting an in-house blockchain solution, and not a public and permissionless ledger

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