央行新出区块链监管叫什么名字,央行新出区块链监管叫什么部门

央行新出区块链监管叫做“区块链监管系统”，是央行为了更好地监管金融市场，提高金融稳定性，推动金融创新而推出的一项新技术。下面我们来看看区块链监管系统的3个关键词，即“区块链”、“监管”和“系统”。

区块链是一种分布式数据库，它可以将信息存储在多个节点上，每个节点都可以访问和更新数据，并且可以追溯到每次更新的历史记录。区块链技术的优势在于它具有去中心化、不可篡改、安全性高等特点，因此可以用于金融领域的监管。

监管是指金融监管机构按照法定职责对金融机构进行监管，以确保金融机构遵守法律法规，保护消费者权益，维护金融稳定。央行新出的区块链监管系统就是在这一监管背景下，利用区块链技术对金融机构进行监管的一种新技术，它可以更有效地检测金融机构的违规行为，从而达到维护金融稳定的目的。

系统是指区块链监管系统，它是一个分布式的、可信的、可追溯的、安全高效的监管系统，可以实时监测金融机构的违规行为，并及时发现风险。它可以收集、分析、存储金融机构的数据，并以可信的方式将数据存储在区块链上，从而更好地实现金融监管。

总之，央行新出的区块链监管系统是一个分布式的、可信的、可追溯的、安全高效的监管系统，它可以更有效地检测金融机构的违规行为，从而达到维护金融稳定的目的。它的出现，将为金融市场带来更多的安全性和稳定性，推动金融创新，促进金融繁荣。

请查看相关英文文档

『一』Is it true that the central bank believes that ICO is a disguised illegal fund-raising?

On September 2, it was reported that on August 21, the central bank headquarters received a relevant emergency report. The report analyzed each item and clearly pointed out that from the perspective of penetrating supervision that emphasizes substance over form, ICO is a disguised form of illegal fund-raising.

Quoted sources said that relevant central bank personnel studied a large number of ICO white papers and concluded: “90% of ICO projects are suspected of illegal fund-raising and subjective and intentional fraud, and the real funds raised are used for project investment. In fact, less than 1% of the ICOs."

ICO is the full name of Initial Coin Offering, the abbreviation of the first public offering of digital tokens, which is modeled after the IPO (Initial Public Offering) of the stock market. That is, the project sponsor can obtain financing by issuing initial tokens through blockchain technology. However, the initial tokens cannot be purchased with legal currency (RMB, U.S. dollars, etc.) because this violates the laws and regulations of various countries on financing, and requires the use of Purchase digital assets with good liquidity such as Bitcoin and Ethereum.

Yao Qian, deputy director of the Science and Technology Department of the People's Bank of China and director of the Digital Currency Research Institute, recently wrote that ICOs are currently on the edge of legal supervision. From the perspective of system construction, they should be implemented as soon as possible. The law gives ICO a legal explanation. He suggested implementing sandbox supervision for ICOs (a "safe space" where financial technology companies can test their innovative financial products, services, business models and marketing methods without being immediately subject to regulatory rules when related activities encounter problems. constraints).

On August 16, Huo Xuewen, director of the Beijing Municipal Financial Bureau, also stated in an internal closed-door meeting that Internet finance, blockchain and ICO can only be viable if they develop in compliance with laws and regulations. Violations and abuse will be punished.

"The National Financial Work Conference clarified that all financial activities must be included in supervision. All "activities that manage other people's money" must be included in supervision. Blockchain innovation, Internet finance innovation, ICO innovation, but if If risks are not controlled, then all innovations will definitely go to the opposite direction. If traditional financial risks are 1.0 and Internet financial risks are 2.0, then the current blockchain and ICO risks are 3.0." Huo Xuewen said at this meeting.

『二』 "Digital Solution" Central Bank Digital Currency CBDC, new contributions from Algorand

Currently, China's digital renminbi is steadily advancing , the pilot areas have expanded from "10+1" to 23 regions in 15 provinces and cities. The cumulative number of digital RMB transactions is approximately 264 million, with an amount of approximately 83 billion yuan, and the number of merchant stores has reached 4.567 million. In addition, the European Union and the European Central Bank actively support a digital euro, while India has pledged to launch a digital rupee.

At a time when central bank digital currencies are in the ascendant, the Algorand public chain created by Turing Award winner and cryptography pioneer Professor Silvio Micali was selected by the Republic of the Marshall Islands in 2020 as the world's first The blockchain infrastructure of the central bank’s digital currency continues to demonstrate its ability to empower “FutureFi” in the field of central bank digital currency (CBDC).

On July 12, the Algorand research team released "Issuing Central Bank Digital Currency Using Algorand" (Issuing Central Bank Digital Currency Using Algorand) annual report, which has conducted continuous research on the CBDC progress of central banks around the world for more than a year, and proposed a CBDC hybrid model based on a public blockchain instance in a two-tier retail system.

Under this model, the central bank has full control over the CBDC, while licensed service providers (LSPs) such as commercial banks, remittance services and other financial technology companies can facilitate distribution and transactions. Blockchain-based retail CBDC also promotes wider financial inclusion compared to traditional systems, especially for those in the informal economy who may have difficulty opening a traditional bank account. Overall, the proposed design is expected to help central banks scale CBDC operations more simply and cost-effectively than traditional centralized digital currencies.

The Algorand research team released its first research report on CBDC in 2021. This report has a new section focusing on the benefits of CBDC and the central bank’s role in primary role in the wider context of the digital age. The report defines four key trends in the digital age, including the growing digital economy, asset tokenization as a new business model, growing demand for alternative forms of currency, and decentralized finance as a new form of finance. system. These trends directly challenge one of the key tasks of central banks: ensuring price stability. Public blockchain use cases, such as the model proposed in the report, can help central banks continue to fulfill their responsibilities in the digital age.

The report was co-authored by several leading economists and researchers. Among them, Dr. Andrea Civelli graduated from Princeton University and focuses on monetary policy transmission and inflation modeling research. She is currently an associate professor of economics at the Walton School of Business at the University of Arkansas and a senior economist at Algorand.

Dr. Co-Pierre Georg,Associate Professor at the University of Cape Town, South Africa, Chairman of the Financial Stability Research Group of the South African Reserve Bank (South African Central Bank), and a member of the Economic Advisory Board of the Algorand Foundation. He received his PhD from the University of Jena, Germany, and has successively studied at MIT, Princeton University, and Oxford Visiting University and Columbia University.

Pietro Grassano, Director of European Business Solutions at Algorand, has worked at J.P Morgan for more than 15 years and has served as the agency's manager in France, Italy, Greece, etc. Leadership positions in European country branches. Earlier, he worked at BNP Paribas Asset Management and Arthur Andersen Consulting. Naveed Ihsanullah, Director of Engineering Research at Algorand, focuses on distributed systems and has over 20 years of experience in next-generation application security software.

In addition to the introduction and conclusion, the main contents of the other six parts of the report are: 1. Benefits of central bank digital currency: emphasizing four aspects of the digital era The main trend, the challenges posed to central banks, also inspired central banks to issue CBDC. 2. Designing an efficient CBDC: Based on the experience of various CBDC projects, the principles for designing an efficient central bank digital currency are outlined. 3. Economic considerations of issuing CBDC: Discuss the economic impacts of issuing CBDC, from balance sheet and financial stability impacts to monetary policy effects. 4. Algorand protocol: Overview of the Algorand protocol, including design principles and a high-level overview of the protocol itself. 5. Use Algorand to issue retail CBDC: Algorand’s method of issuing retail CBDC, including relevant design considerations and a detailed introduction to Algorand network support use cases. 6. Use Algorand to issue wholesale CBDC: Algorand’s design method and related use cases for wholesale CBDC.

Algorand consultant emphasized that CBDC is the lifeline of commercial banks

After the emergence of CBDC, From an international perspective, there are still certain differences. Commercial banks in some countries even regard the digital currency that may be issued by the central bank as an existential threat.

Co-Pierre, one of the main authors of the research report "Issue Central Bank Digital Currency Using Algorand", Associate Professor at the University of Cape Town, South Africa, and Economic Advisor to the Algorand Foundation Dr. Georg, in a recent interview with the media, believed: “Commercial banks really should not regard digital fiat currencies as a threat” and “Central bank digital currencies are becomingProvide a lifeline to commercial banks. "

Regarding the increasing involvement of large technology companies in banking services, Georg, who currently serves as chairman of the Financial Stability Research Group of the South African Reserve Bank, believes: "Commercial banks have indeed gone backwards, and they will be afraid of technology giants. . ”

Just as central banks have viewed blockchain-based stablecoins linked to fiat currencies as a potential threat to regulating the economy, commercial banks have also realized that If Facebook's Libra survives, "it will be the end of banking as we know it," Georg said. "It will be an entity that is not subject to financial regulation, with 2.3 billion customers and a market capitalization greater than that of JPMorgan Chase." of cash. How can banks, including U.S. banks, compete with it? They can't. "

The problem, Georg believes, is that commercial banks operate within walled gardens. "They do products, they don't do infrastructure," he said , “Commercial banks should be grateful to the central bank for providing a lifeline in terms of public infrastructure where they can all come together, they can compete and, importantly, they can compete with technology companies. "

"When you talk to many players in the market, they view CBDC as a product that can be sold to central banks," Georg said , “This is not the right thing to do. If you build a product, you end up just owning Facebook, whereas if you build the infrastructure, you end up owning the Internet. ”

This means that information can be shared in much the same way as the early developers of the Internet, which Georg claimed took about 30 years to Develop standards for network interactivity. At the same time, he also believes that CBDC has the need for interoperability from the beginning, and there are too many things that can be done.

< p> Combined with research including Algorand, Georg suggested that CBDC in some countries can have more than one ledger and one protocol, and is not necessarily divided into inter-bank wholesale CBDC and consumer-oriented retail CBDC.

“You can have a retail ledger that has a higher cost of participation but provides you with smart contracts; you can also have a retail ledger that doesn’t have smart contracts but has very high transactions per second ," Georg said. "As a central bank, you can operate both at the same time. ”

As for blockchain, Georg said there is an unnecessary fight that some in the banking world willBlockchain’s CBDC is seen as a competitor to real-time settlement systems.

"The existing payment system works well," he said, and is cheap and reliable. "It has never failed to my knowledge." But , the real-time settlement system does not “facilitate some of the new innovations we are seeing from private cryptoassets that require decentralized ledgers,” such as the tokenization of physical or digital assets. Given the phenomenal growth of cryptocurrencies, there is clearly potential in this space.

“If you can bring it into public infrastructure, assuming it’s well regulated and maintained by trusted institutions, then this new infrastructure can support New business models at the heart of the digital economy. I think that's why blockchain comes in," he said. "You need a distributed ledger to ensure that no one in the system can copy the data. The secret superpower of blockchain It's that it makes the data unique."

In terms of potential, he noted that "the last iteration of payment systems came in the 1960s and 1970s, when the Digital payments." Because of the support of technology, "Blockchain can indeed enable new business models."

(END)

For commercial and non-commercial reprinting, please obtain authorization from the author and indicate "Produced by Hermetz Digital Workshop".

『三』How much do you know about the central bank’s digital currency DCEP

Unlike Libra launched by Facebook in the United States, my country’s digital currency has a dedicated research team to issue digital currency as early as 2014. Conduct in-depth research on the business operation framework, key technologies of digital currency, issuance and circulation environment, legal issues faced, etc.

How much do you know about the central bank’s digital currency DCEP?

As blockchain technology becomes increasingly recognized, it has been elevated to a national strategic status. In a sense, the central bank's digital currency may serve as a "booster" to promote the internationalization of the RMB. However, Libra has not received support from the U.S. government so far. On the contrary, its largest shareholder, the founder of Facebook, has also been questioned by Congress, causing many partners of the Libra project to withdraw their capital and leave. This shows that Libra has lost its legal status at the national level. Compensable, it can only be used locally as a commercial asset.

The central bank’s new digital currency is about to be issued and used. So, what are the outstanding features of my country’s digital currency? The following is a detailed explanation:

01. What is central bank digital currency?

The name of the digital currency launched by the central bank is DCEP, which is the abbreviation of English Digital Currency Electronic Payment, meaning digital currency and electronic payment tools. It is a substitute for RMB banknotes. Its functions and properties are exactly the same as banknotes. It is mainly used for Retail payments.

How much do you know about the central bank’s digital currency DCEP?

DCEP is the same as banknotes. It does not require any bank account. You only need a DCEP digital wallet on your mobile phone. However, compared with banknotes, it has its unique advantages: payment and portability are easy. It is more convenient. To pay with it, you only need to put two mobile phones together and touch them to transfer the DCEP in your digital wallet to another person. It does not even need to be connected to the Internet, as long as the mobile phone has power.

At the same time, DCEP is very different from banknotes. Paper money has a certain degree of anonymity. Others do not know where an individual spends his paper money, so some evil forces use paper money to launder money. DCEP uses blockchain technology, which has a certain degree of anonymity and is traceable. We use it to pay, and every payment will leave traces. If it is not a crime, it can meet your anonymity needs, but if you use it It's criminal, sorry, but big data can trace your true identity.

02. How is it different from WeChat and Alipay?

As can be seen from the above introduction, DCEP is very similar to electronic payments such as WeChat and Alipay. At present, my country’s WeChat and Alipay payments are already very developed. Why should we re-develop such a blockchain-based payment method? What about digital currency based on chain encryption technology?

How much do you know about the central bank’s digital currency DCEP?

First of all, WeChat and Alipay need to be bound to a bank card before they can be used, but DCEP does not require it at all. Transfers between users are independent of bank accounts. This is different from digital currencies such as Bitcoin. Same.

Secondly, DCEP has legal effect. When we purchase goods offline, we will find that some merchants can use Alipay, but cannot support WeChat. However, for DCEP, as long as merchants can use electronic payment, they must accept DCEP, which is the same as paper currency.

Thirdly, when the Internet is disconnected, such as on an airplane, in a basement, or in a remote mountainous area, WeChat and Alipay cannot complete payments, but the central bank’s digital currency will not be affected and can enable offline payments, as long as the mobile phone Just have electricity. From now on, you no longer have to worry about being unable to pay without internet.

Fourth, DCEP has a higher legal status and better security. WeChat and Alipay payments are not settled in central bank currency, but in commercial bank deposit currency. If they go bankrupt or other accidents, objectively speaking, their rights and interests may not be guaranteed (in factalmost impossible). DCEP is issued by the central bank and is safer.

03. Is DCEP the same as Bitcoin?

It can be said that it is completely different. Bitcoin, Ethereum, etc. do not have an issuing body. They are truly decentralized and belong to super-sovereign currencies. Their prices are driven by the market, so the prices fluctuate hugely. DCEP is issued by the central bank, although it uses blocks. Chain technology, but using a centralized operation method, is the digital currency of RMB, and the price will be very stable.

How much do you know about the central bank’s digital currency DCEP?

DCEP adopts a centralized operation method, on the one hand to facilitate supervision, and on the other hand to meet daily transaction needs. Completely decentralized blockchains such as Bitcoin are limited by technical bottlenecks. Currently, transaction confirmation is very slow. Bitcoin can only handle about 7-8 transactions per second, and Ethereum can only handle 10-20 transactions per second. Transactions, and Taobao’s transaction peak reached 92,771 transactions/second during last year’s Double Eleven. Therefore, if we want to satisfy the public’s daily payments, we can currently only use alliance or private chain technology.

04. Why does the central bank issue digital currency?

According to the official statement, in the face of the impact of Libra, a currency that is committed to building a simple and borderless currency, we need to protect our monetary sovereignty and legal currency status, so as not to lag behind people. However, the current issuance and storage costs of banknotes and coins are very high, the intermediate links in circulation are too complex, and it is inconvenient to carry. A new substitute is needed, and digital currency can solve these problems.

In addition, Long Baitao, a PhD in computer science from Tsinghua University and an independent researcher, believes that behind the issuance of the central bank’s digital currency is internally the struggle between the central bank and the commercial banking industry, and externally it is the ambition of RMB internationalization.

Based on the convenience and ease of global circulation of digital currency, this is indeed conducive to the internationalization of the RMB, but how to understand the "tussle between the central bank and the commercial banking industry"?

The current currency in circulation in the market is mainly cash and bank deposits, and deposits are created by lending by commercial banks. Relevant data shows that the cash currently created by the central bank only accounts for 5% of the currency in circulation. Commercial banks account for as much as 95% of bank deposits. Therefore, commercial banks are currently the main creators of currency in circulation.

We all know that the central bank is an institution that regulates money supply. If it is not the main body in creating circulating currency, the regulatory work will become complicated and inefficient.

The digital currency issued by the central bank adopts a "two-tier operation" mechanism, that is, DCEP is exchanged by the central bank to commercial banks, and then converted by commercial banks to the general public, so that the currency can be regained The right to create money will make it easier to manage currency and enhance the central bank's ability to respond to business cycles.

05. How do the public exchange central bank digital currency?

As mentioned above, the central bank adopts a "two-tier operation" mechanism. According to previous reports by Forbes, in the early stage, the central bank will exchange DCEP for Alibaba, Tencent, ICBC, Bank of China, China Construction Bank, Agricultural Bank of China and UnionPay will then issue it directly to the public. After DCEP is actually issued, we can exchange it directly through WeChat, Alipay, and bank apps.

At the same time, the central bank will also cooperate with foreign banks in the future to promote DCEP to the world.

Blockchain also plays an undeniable role in today’s digital economy. In the future, a large number of resources will be involved in this world battle for global hegemony.

This article comes from the Lianke community www.liankexing.com

『四』What are the main models used in blockchain credit supervision

Block The main models used in chain credit supervision are:
1. Blockchain technology is used to connect existing credit databases to each other to realize credit data transactions between various institutions.
2. It is to build a distributed database based on blockchain technology as the underlying framework and establish a new credit information ecosystem.

『Wu』 The upgrade of blockchain technology enables blockchain applications to be regulated

The upgrade of blockchain technology enables blockchain applications to be regulated
In the Internet era, computers have proposed many trusted computing methods very early, that is, any blockchain technology node adopts a trusted computing module. Therefore, trusted computing can make it easier to upgrade and iterate technology in distributed networks.
In terms of the real-name system of blockchain technology, there is a blockchain technology laboratory in the United States, and they have proposed many technical solutions for real-name systems. For example, the current blockchain technology is point-to-point. In many countries, such as South Korea, each person has an electronic certificate, and real-name electronic certificates must be used for signatures during transactions. Of course, there are simpler solutions. We can store the IP address of the entire device as part of the transaction on the blockchain application.
In this way, the entire blockchain technology transaction can realize the real-name system of the technology. So this is an optional real-name system. We can build a real-name blockchain application network or an anonymous blockchain application network.
Super Key is also a major advancement in the current development of blockchain technology. Because it is a distributed network, how do we supervise it and how do we control it? In cryptography, we call it multi-signature.
We (yunbaokeji) design a different blockchain application network. If it is a blockchain application network used by a bank, we can design a super key. The keys of all nodes must be together with the super key to generate a wallet.
Then this super key must be masteredPerhaps it is in the hands of regulators, perhaps in the hands of certain institutions, who can exercise limited control over blockchain applications. For example, currently the data on blockchain applications cannot be deleted, so the super key actually allows powerful organizations to modify the distributed network.
So what kind of technology is blockchain:
(1) Distributed decentralization,
(2) No need to trust the system,
(3) Unable to Tampering and encryption security. I know these words individually, but what do they mean together?
1. Distributed decentralization. This is talked about all over the Internet. Needless to say, in short, there is no longer a need for a central server. Everyone’s data is obtained from this server. Instead, The data is placed on N devices connected to the Internet, and everyone can download and store it.
2. No need to trust the system. Do you trust banks? Because the bank is recognized and established by the state, the blockchain implements a trust method that does not require a third party. N devices on the Internet are used to store data, and everyone can verify the data. As long as more than half of the people think you are right, you are right. No one person or organization can modify more than half of the content on the Internet. If you don't believe in others, you should always believe in your own verification results. If you don't believe in yourself, then congratulations, you are a great philosopher.
3. Non-tampering and encryption security
Blockchain uses a series of technologies, such as cryptographic algorithms such as SHA256 and RIPEMD160, to ensure non-tampering and encryption security. For example, 0101100011101110 represents a Characters, the algorithm requires shifting 4 bits to the left, supplementing with 0, throwing away the 4 bits on the left, and adding 4 0s to the right to get the result. How to deduce the original value based on the result? Of course this is just a simple example.

『Lu』 The central bank’s digital currency system Demo will be launched next year. Is blockchain really going to take off?

It is reported that the Central Bank of China is testing a digital currency based on blockchain .
According to media reports, the People’s Bank of China completed a test on December 15th, which demonstrated how transactions and clearing occur in a distributed ledger system.
It is reported that this test was conducted jointly with China’s mainstream commercial banks, including Industrial and Commercial Bank of China, Bank of China and WeBank.
The report reads:
“The People’s Bank of China believes that digital currencies can not only reduce circulation costs, but also increase transparency, curb money laundering and tax evasion.”
The report even recommended that the Shanghai Commercial Paper Exchange pilot digital currencies Currency, set up a national bank draft transaction. At the same time, the People's Bank of China will also establish a digital currency research center and is recruiting experts in big data, cryptography and blockchain technology.
The report follows a statement in February from People's Bank of China Governor Zhou Xiaochuan, in which he suggested the People's Bank of China wasConsider using blockchain to issue digital currency.
Moreover, this test was conducted as the People’s Bank of China launched an investigation into Chinese Bitcoin exchanges. The investigation began earlier this month and has already led to many changes in trading policies.
Puyin, as the world's first standard digital currency, uses 1 billion Tibetan tea as the original standard asset. It uses digital encryption technology to write the billion Tibetan tea assets into the blockchain and records the identification and identification of the Tibetan tea. Assessment, confirmation of rights, etc.

『撒』 Blockchain companies cooperate with central banks of many countries to develop CBDC. It is possible for central bank digital currencies to adopt blockchain.

As we all know, the legal digital renminbi uses centralization based on the UTXO model. The ledger is maintained and managed by the People's Bank of China, which is incompatible with blockchain technology, which uses decentralized distributed ledgers as one of its core mechanisms. The use of blockchain technology advantages by blockchain technology companies to participate in the central bank digital currency (CBDC) is a new breakthrough and new application of blockchain technology.

ConsenSys participates in CBDC research and development

It is reported that ConsenSys has published "Blockchain Solution for Central Bank Digital Currency (CBDC)" on its official website. The article stated that digital currency can provide Cheaper cross-border remittances, improved inter-bank payment settlement and accelerated retail market innovation, etc. If central banks do not issue their own digital currencies, it will lead to markets relying on "private payment tokens", potentially creating a risk of failure and financial problems for private entities, as private tokens may not be available to everyone, Central bank digital currencies will bring risk-free, widely used alternatives.

Charles d'Haussy said that in 2016, ConsenSys began to work on CBDC through cooperation with the Singapore Monetary Authority and the South African Reserve Bank, and also gradually developed cross-border payment technology business. "Building on this, we are exploring a larger concept - 'programmable money', which any CBDC with a token architecture can support. CBDC is a perfect iteration of electronic cash that can improve the utilization of central bank funds. efficiency, ensuring a more efficient value chain.”

In addition, ConsenSys recently released a compliance service to help exchanges and decentralized finance (DeFi) projects identify possible issues related to Ethereum issuance. Token trading activity related to criminal activity. Lex Sokolin, co-head of global fintech at ConsenSys, said, “More and more people are building decentralized applications, which is part of the puzzle. What we are trying to do is make activities on decentralized financial infrastructure more Safe, transparent and easier to track."

With its strong blockchain technology background, ConsenSys participates in the research and development of central bank digital currencies in Australia, France, Thailand and other countries., or it may make it possible to integrate blockchain technology with CBDC.

The feasibility of using blockchain technology for CBDC

Regarding the question of whether blockchain featuring decentralized distributed ledgers can be combined with centralized central bank digital currency Yao Qian, director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission, pointed out that whether CBDC adopts blockchain technology is still controversial. A typical view is that the decentralization of blockchain conflicts with the centralized management of the central bank, and it is not recommended for CBDC to adopt it. The technology.

However, blockchain technology is developing at an unprecedented speed and is deeply integrated with various mainstream technologies. Therefore, no matter from a technical perspective or a business perspective, the blockchain in real applications is in line with the "original teachings". The understanding of "ism" is different. How to use blockchain technology to better serve distributed operations under centralized management may be the current direction that CBDC needs to focus on exploring.

Yao Qian believes that although the technical characteristic of blockchain is that it does not rely on central institutions, it does not mean that it cannot be incorporated into the system of existing central institutions. As long as it is properly designed, the central bank can just use it Blockchain effectively integrates distributed operations and better realizes centralized management and control of CBDC. There is no inevitable conflict between the two. As an emerging technology that may become the future financial infrastructure, blockchain helps achieve distributed operations without affecting centralized management for the dual model of central banks and commercial banks. Bottom-up "exchange" can formulate a new CBDC implementation plan, which also achieves the goal of "centralized management and control, distributed operation".

A digital currency research project announced by the Reserve Bank of Australia is exploring the potential use and impact of a central bank digital currency (CBDC) using distributed ledger technology (DLT).

Under the project, Australia will develop a proof of concept for issuing a CBDC in the form of a token that market participants will be able to use for financing, settlement and repayment on an Ethereum-based DLT platform. Tokenized syndicated loans. The project is expected to be completed around the end of 2020, and various project participants plan to release a thematic report on the project and its key findings in the first half of 2021.

『8』 Is the central bank’s digital currency dcep?

The central bank’s digital currency is dcep.

The name of the digital currency developed by the central bank is DCEP (Digital Currency Electronic Payment). DC is digital currency and EP is electronic payment. Payment is transmitted in a certain way as digital things, not paper currency, so , Electronic payment itself also has digital currency attributes.

Digital currency features: low transaction costs; fast transaction speed; high degree of anonymity.

(8) The central bank’s new blockchain supervision is calledWhat further reading

Applications of digital currencies

1. Fast, economical and safe payment settlement

Cross-border payments help the internationalization of the RMB. In 2015, the national settlement volume for cross-border payments involving current items was approximately RMB 8 trillion. Accelerating the internationalization of RMB requires low-cost, high-efficiency, and low-risk cross-border payment and settlement products and solutions.

2. Digitization of property rights of collateral

Currently, banks’ electronic loan processes and processing procedures still involve a lot of repetitive manual work. As the basic support for loan issuance, many collateral There are situations such as mispricing or multiple mortgages or even no collateral. You can consider using digital currency to price bank collateral and track transactions:

3. Bill finance and supply chain finance

In recent years, various bill market businesses based on commercial bills have With rapid growth, bill financial products have become a popular field of Internet financial management. However, about 70% of the current domestic money order business is still paper-based transactions, and supply chain finance is also highly dependent on labor costs.

Reference materials

Network--Digital Currency

『九』 Blockchain is so popular now, I want to know what exactly is blockchain

What is blockchain? Blockchain refers to a technical solution that collectively maintains a reliable database through decentralization and trustlessness. The concept of blockchain first appeared in a paper "Bitcoin: A Peer-to-Peer Electronic Cash System" written by Satoshi Nakamoto, the founder of Bitcoin, in 2008. To put it simply, blockchain is a public accounting technology that was born to solve the trust cost we incur in transactions.
What is blockchain? Blockchain technology is a way for everyone to participate in accounting. There is a database behind all systems. You can think of the database as a big ledger. Then who will keep this ledger becomes very important. Currently, whoever owns the system keeps the accounts. Tencent keeps the accounts of WeChat, and Alibaba keeps the accounts of Taobao. But now in the blockchain system, everyone in the system has the opportunity to participate in accounting. If there are any data changes within a certain period of time, everyone in the system can do accounting. The system will judge the person who has the fastest and best accounting during this period, write his recorded content into the ledger, and record this Within a period of time, the contents of the ledger are sent to all other people in the system for backup. In this way, everyone in the system has a complete ledger. In this way, we call it blockchain technology.
What is blockchain? For example, in our daily online shopping, the money paid after selecting the goods and placing an order will first be sent to the third-party payment platform. After the seller delivers the goods to the buyer and confirms receipt, the third-party payment platform will send the money to the seller. account.
When a transaction occurs between a buyer and a seller, the system will publish the transaction information between them in the form of broadcast. The person who receives this message will record the transaction after confirming that the information is correct, that is, receivingThe person who received the information made a data backup for this transaction.
For example, if Zhang Ergou buys an inflatable doll online, the system will hold a loudspeaker and shout loudly in the village: "Zhang Ergou bought an inflatable doll." After the "villagers" heard this broadcast and confirmed that it was correct, they took out their notebooks and wrote it down. Zhang Ergou bought an inflatable doll. The recorded information here is like a data backup for this transaction. Going back to today's online shopping, if there is a problem with Zhang Ergou's order and the Alipay system fails to record the transaction, then Li Goudan's money will be wasted. On the blockchain, if there is a problem with the order, because the early system used the loudspeaker to broadcast everywhere that Zhang Ergou bought the inflatable doll, so countless people recorded the transaction information, there will be no system failure that cannot be recorded. Transaction record status.
What is blockchain? Blockchain technology is currently very popular, especially in the financial world. Ant Financial, LeTV Finance, Wanda, Ping An, Minsheng, etc. have successively tested blockchain projects, and European crowdfunding has taken the lead in using blockchain. At the forefront of technology.
Blockchain is a large-scale, decentralized economic organization model implemented by a set of technologies.
Bitcoin is a practical embodiment of blockchain technology, which is more accurate than the former.
In fact, whether it is blockchain or Bitcoin, everyone is more concerned about the currency itself, which currency is more profitable, and how to join it.
What is blockchain? Blockchain has attracted widespread attention because it has changed the original economic organization model in many fields. For example, in the issuance and circulation of currency, the core role of the banking system has been reduced, and the organizational methods between central banks, commercial banks and users have undergone major changes; in the Ethereum ERC20 token system, the blockchain has comprehensively changed the securities Although the organizational model among issuers, participants at all levels, and regulators brings some problems, it also improves the efficiency of securities issuance and circulation.
People are now exploring the application of blockchain in various economic fields. Essentially, they are also looking for ways to use blockchain to adjust or innovate the original economic organization methods of enterprises, industries, and regions, and to find new ways to reduce costs and increase profits. way. Regarding blockchain as an economic organization model, it can be extended downward to its implementation technology, and upward to its impact on social organization and social consciousness. It is easier to understand the complex social impact brought by blockchain.