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author:

Zhang, T. (Zhang, T..) [1] | Huang, Z. (Huang, Z..) [2]

Indexed by:

Scopus

Abstract:

With the development of blockchain and digital currencies, central banks all over the world are accelerating the process of CBDC development. However, it is still controversial on adoption of blockchain in CBDC design. In the paper, we analyze both functional and non-functional requirements of CBDC design, and make a literature review on blockchain based CBDC schemes. Analysis findings show that permissioned blockchain is more suitable for CBDC than permissionless blockchain. Besides, there are some challenges in blockchain based CBDC, such as performance, scalability, and cross-chain interoperability. Our analysis is timely and can provide guidelines for blockchain based CBDC design. © 2021 The Authors

Keyword:

Blockchain; CBDC; Central bank digital currency; Distributed ledger; Fiat money

Community:

  • [ 1 ] [Zhang, T.]Guangxi Key Laboratory of Trusted Software & Guangxi Key Laboratory of Cryptography and Information Security, Guilin University of Electronic Technology, Guilin, China
  • [ 2 ] [Zhang, T.]School of Cyber Science and Technology, Beihang University, Beijing, China
  • [ 3 ] [Huang, Z.]Fujian Provincial Key Laboratory of Financial Science and Technology Innovation, Fuzhou University, Fuzhou, China

Reprint 's Address:

  • [Zhang, T.]School of Cyber Science and Technology, China

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Source :

ICT Express

ISSN: 2405-9595

Year: 2022

Issue: 2

Volume: 8

Page: 264-270

5 . 4

JCR@2022

4 . 1 0 0

JCR@2023

ESI HC Threshold:61

JCR Journal Grade:2

CAS Journal Grade:3

Cited Count:

WoS CC Cited Count: 0

SCOPUS Cited Count: 71

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 0

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