Shaping the future of money, the Digital Currency and Payment Systems Innovation Committee leads initiatives in the evolving landscape of digital currencies.
This committee explores the development and adoption of Central Bank Digital Currencies (CBDCs), stablecoins, and other digital payment systems. By collaborating with financial institutions, central banks, and fintech companies, the committee works on creating frameworks for secure and efficient digital currencies. Key projects include cross-border payment solutions, privacy-preserving payment protocols, and the integration of digital currencies into existing financial systems. The committee also looks at the future of decentralized finance (DeFi) and its potential to revolutionize traditional banking.
GBEC Digital Currency and Payment Systems Innovation Committee Leadership
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Smart Contracts – The foundation of Blockchain Smart contracts are self-executing contracts when predetermined terms and conditions written into the code are met. Nick Szabo, an American computer scientist and a legal scholar first proposed
Unlike traditional blockchain networks that rely on a linear chain of blocks, the Directed Acyclic Graph (DAG) framework represents each transaction as a node, allowing transactions to reference multiple previous transactions as their parents. This
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