BIS Innovation Hub presents its ‘non-public CBDC’ challenge

The Financial institution for Worldwide Settlements (BIS) Innovation Hub has introduced the ultimate report on its non-public central financial institution digital forex (CBDC) initiative, Undertaking Tourbillon. The prototypes constructed within the challenge’s framework may enable cost anonymity for CBDC transactions.

The 46-page report, printed on Nov. 29, explores the ideas of privateness, safety and scalability on the fabric of two prototypes based mostly on the designs of one of many pioneers of cryptography, David Chaum. The prototypes have been known as eCash 1.0 and eCash 2.0. Whereas the previous gives “unconditional payer anonymity,” the latter has “extra resilient” security measures.

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