Government finance ministries and central banks around the world are increasingly interested in practical questions about how they could implement a retail (or general purpose) central bank digital currency (CBDC) – a CBDC available to the general public. They want to know more about their technology choices and solution performance. The challenge is to develop a solution that delivers the central bank’s policy objectives in terms of functionality and also provides the operational performance they need.
These organisations need to know whether the technologies available, including blockchain and centralised databases, are capable of meeting these requirements. They also are asking how additional features, such as programmability for programmable money and offline use, affect these technology questions.
Amazon Web Services (AWS) is working with a wide range of partners to help address these questions. We developed some guidance for central banks to help clarify the issues and explore the options available.
Click here to learn more about how to meet the technology challenge of delivering a retail CBDC.
For further insights and to join the discussion on this topic, sign up to attend Delivering Central Bank Digital Currencies (CBDCs): Exploring the Technology Challenge on 22 April 2021. Register for this free webinar by clicking here.