ECB Develops Proof-of-concept for a CBDC
Main page News, European Central Bank

The European Central Bank (ECB) has reported it has developed a proof-of-concept for a CBDC whose aim is to combine privacy and compliance.

According to the information provided by the ECB on its report, which is dubbed "Exploring anonymity in central bank digital currencies," the European System of Central Banks (ESCB) has established a proof-of-concept for anonymity in CBDCs.

The initiative has been developed on Corda's DLT platform with the collaboration of R3 and Accenture.

The solution is based on the use of vouchers for small transactions, allowing this way users to keep their anonymity. However, it must be noted that users wishing to make larger transactions would not keep the same level of privacy.

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