Why Open Source Technology Is Critical to Widespread Adoption of CBDCs and Other Digital Currencies

Explore the critical role of open source technology in facilitating widespread adoption of Central Bank Digital Currencies (CBDCs) and other digital currencies in this 28-minute conference talk. Gain insights from Jennifer Peve of DTCC and Dominic Paolino of Accenture as they discuss the accelerating pace of experimentation and implementation of new digital retail and wholesale payment systems globally. Delve into the complexities of creating frameworks for individual countries to introduce digital currencies and the challenges of achieving widespread adoption. Discover why open source distributed ledger technology is essential for ensuring interoperability, transparency, and openness in a multi-digital currency world. Learn about the importance of pairing open source with open governance to create trusted technology backbones for new currencies and the integration of payment networks to meet diverse business, consumer, and regulatory needs.