Central Banks and Digital Currencies by Professor George Giaglis
22 May 2020
The public can hold central bank money in the form of banknotes but at the moment, only banks and certain other financial institutions can hold electronic central bank money.
A Central Bank Digital Currency (CBDC) would be an electronic form of central bank money that could be more widely used by households and businesses to make payments and store value.
The webinar will introduce CBDCs and outline the current status of their development (e.g. China’s DC/EP and Sweden’s e-krona).
The discussion will then continue on how CBDCs will create a new form of risk-free money and a wholly new infrastructure to support add-on innovations, like programmable money, smart contracts and nano payments (including machine-to-machine transactions)
Professor George M. Giaglis is the Executive Director of the Institute for the Future at the University of Nicosia, as well as a leading expert on blockchain technology and applications and advisor to many blockchain projects and technology start-ups.
George has been working on digital currencies and blockchain since 2012, with his main focus being on new forms of industrial organization (programmable smart contracts, decentralized applications and distributed autonomous organizations) and new forms of corporate financing (token economy, crypto-economics and ICOs).
He has been one of the first academics to research and teach on Blockchain, having: designed the curriculum of the world’s first full academic degree on Blockchain (MSc in Digital Currency at the University of Nicosia); led the development of blockchain credentialing technology that has resulted in the first-ever publishing of academic certificates on the blockchain; taught on the disruptive innovation potential of blockchain, both at academic programs and in executive seminars worldwide; organized a number of prominent blockchain conferences and events, including Decentralized. Throughout his career, he has published more than 10 books and 150 articles in leading scientific journals and conferences, while he is frequently interviewed by media and invited as a keynote speaker or trainer in events across the globe.
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