CBDCs unlikely to be based on blockchain – Central Banking survey

Any central bank digital currency is unlikely to be based on blockchain, according to Central Banking’s new survey.

Just over 70% of respondents to the inaugural Central Bank Digital Currency Survey said they would use distributed ledger technology (DLT) if they issued a CBDC. By contrast, only one institution said it would use a blockchain.

DLT refers to a family of technologies that use a distributed group of participants to collectively maintain a shared, replicated and synchronised record

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