/biz/ - Business & Finance

>>53028651

>>53028177
Checked divine 7s.
Latest breadcrumb is that anon is pretty sure that the 2022 SWIFT proof of concept that just wrapped up (and was a massive success) was the Chainlink approach to getting CBDCs to talk to each other.

tl;dr:
>Bank of International Settlements lays out 3 different possible formats for a multi CBDC world in a 2021 paper
>SWIFT say they will focus on approach 1 and 2, as they don't think 3 will work
>approach 1 finishes its PoC in 2021 with mixed results
>approach 2 finishes its PoC and is much more of a success
>approach 2 is getting CBDCs to talk to each other through an "interlinked" technical interface that uses smart contract messaging, adaptors, nodes, public key infrastructure, ISO20022 and a flexible, chain agnostic, messaging standard agnostic structure to talk both from CBDC to CBDC as well as CBDC to legacy system
>makes particular note of the fact that this approach is so strong because legacy don't have to make many changes, they can just plug into an adaptor

Full document here:
https://files.catbox.moe/9lenly.pdf
blessings to the anon that shared it. Merry Christmas.