CBDC

Helping Central Banks Architect Smarter Digital Currencies

Central Bank Digital Currencies (CBDCs) are coming. Gotham helps central banks build flexible, secure systems to power the global economy.

AriseHealth logoOE logo2020INC logoThe Paak logoEphicient logoToogether logo

THE BENEFITS

Benefits of Blockchain for Central Banks

More than 100 countries are currently building or testing CDBCs around the world. Projects aim to prove that central bank-issued currencies can facilitate digital payments, promote financial inclusion, and power a more digitized economy.

The important Bank has said CBDCs offer advantages for central banks as they make it possible to settle cross-border payments faster and help underbanked populations enter global markets.

But everyone agrees digital money needs to be built with a collaborative and inclusive future in mind. It also must leverage the most hardened technology. This is why global leaders are turning to our CBDC Platform to underpin some of the most important projects in global finance.

Efficiency

Digital money moves faster and more seamlessly through the economy, reducing costs and streamlining payments for everything from P2P transactions to global trade.

Digitization

Stablecoins have shown the potential of digital money to change the way we trade, buy, and work. By launching their own CBDCs, central banks can ensure they're not left behind.

Interoperability

Digital forms of money facilitate collaboration. Facilitating the secure sharing of information regardless of country of origin is imperative to realize the potential of digital money.

Rated #1
Asset Tokenization & Data Structure on G2
1B+
Blocks Build on Bit-Block Chains
10K+
Developers Across 30+ Countries
1000+
Digital Transformation Projects

THE SOLUTIONS

How Bit-Block Helps Central Banks Unlock the Power of Blockchain

Current projects testing central bank digital currency (CBDC) aim to prove that digital money can facilitate global trade. As the tokenization of assets allows people to create liquidity, post collateral for loans, and settle trades atomically, more people and businesses can enter global markets.

Regulatory sandboxes

These testing grounds allow central banks to test strategies and define regulations before deploying solutions globally.

International settlements

Blockchain for CBDCs powers fast cross-border payments. Our platform allows central banks to quickly build, test, and deploy digital assets.

Payment systems

Blockchain technology can be used to define completely new payment ecosystems that can be accessed around the globe from a computer or smartphone—making global markets available to more people.

CHALLANGES WITH CBDC

What Problems CBDCs will have to Overcom

CBDCs require robust security measures to prevent unauthorized access, fraud, and cyber attacks. Ensuring the security of digital wallets, transaction networks, and the underlying blockchain or distributed ledger technology (DLT) is essential to maintain trust in the currency.

Balancing the need for privacy with regulatory requirements for transparency and anti-money laundering (AML) efforts is a significant challenge. CBDCs raise concerns about the collection, storage, and use of personal financial data, requiring careful design to protect user privacy while meeting regulatory standards.

ADDITIONAL RESOURCES

Learn More about Blockchain and CBDCs

ANOUNCEMENT

FireFly Enables Swift's New CBDC Sandbox with Board Industry Participation

BLOG POST

Wholesale CBDCs: Lessons Learned and What the Future Looks Like

ARTICLE

4 ways to ensure Central Bank Digital Currencies promote financial inclusion

© 2024 BitBlock Technologies LLC. All rights reserved.