Retail CBDCs (central bank digital currencies) do not require blockchain technology, based on executives at major European central banks.
The alternate member of the governing board at Swiss National Bank, Thomas Moser, and Deutsche Bundesbank’s Martin Diehl, talked about the state of CBDCs during the European Blockchain Convention Virtual 2020 conference last Monday.
In the online panel discussion, Moser and Diehl both agree that global retail CBDC projects do not need blockchain while giving several reasons.
According to Moser, blockchain’s primary use cases are to provide trust when a project has no central party. He said, “Like for instance, Bitcoin. I think it is a very good use case for blockchain.”