Why Open Source Technology Is Critical to Widespread Adoption... - Jennifer Peve, & Dominic Paolino
Channel: The Linux Foundation
Date: 2022-12-16

Why Open Source Technology Is Critical to Widespread Adoption of CBDCs and Other Digital Currencies - Jennifer Peve, DTCC & Dominic Paolino, Accenture

Speakers: Dominic Paolino, Jennifer Peve
The pace of experimentation and implementation of new, digital retail and wholesale payment systems around the world is accelerating. Much of the current focus is on upfront challenges of creating the frameworks for individual countries to introduce CBDCs and other digital currencies. But the complexity will only mount when there begins to be widespread adoption of new currencies and networks. In this session, Dominic Paolino of Accenture and Jennifer Peve of DTTC will detail why the level of interoperability, transparency and openness required to assure smooth, secure local, regional or even global transactions in a multi-digital currency world can only be delivered with open source distributed ledger technology.  

They will cover the criticality of pairing open source and open governance to create trusted technology backbones for these new currencies. And to deliver the interoperability and framework for alignment needed for the integration of payment networks that will meet diverse business, consumer and regulatory needs.