Introduction of a Swiss hybrid CBDC: Opportunities for the Swiss payment service provider industry to adapt to machine economy and IoT
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Autor:innen
Autor:in (Körperschaft)
Publikationsdatum
2021
Typ der Arbeit
Master
Studiengang
Sammlung
Typ
11 - Studentische Arbeit
Herausgeber:innen
Herausgeber:in (Körperschaft)
Betreuer:in
Übergeordnetes Werk
Themenheft
DOI der Originalpublikation
Link
Reihe / Serie
Reihennummer
Jahrgang / Band
Ausgabe / Nummer
Seiten / Dauer
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Verlag / Herausgebende Institution
Hochschule für Wirtschaft FHNW
Verlagsort / Veranstaltungsort
Olten
Auflage
Version
Programmiersprache
Abtretungsempfänger:in
Praxispartner:in/Auftraggeber:in
Zusammenfassung
The privately issued cryptocurrencies are fast developing since the introduction of the concept of bitcoin in 2008. Feasibility of the successful operations of cryptocurrencies is reality-proof since 2009 and onwards. With the adoption of cryptocurrencies within a society the unique features of this type of currencies are more broadly understood. These features include in many cryptocurrencies trustlessness, immutability, and decentralization. Some even aim at providing a price-stable nomination, these types of cryptocurrencies are typically categorized as stablecoin. Privately issued cryptocurrencies nevertheless are considered to some extent risky. Hindered exchange into legal tender, technical failure, as well as mismanaged liquidity could outtake a privately issued cryptocurrency. The counterweight to this risk would be a state-issued cryptocurrency. To be able to fully harvest the unique features such as smart contracts could highly benefit the society. New handling of money flows derives from automated business logic execution attached to smart contracts. These considerations give rise to multiple campaigns of central banks to explore the feasibility, risks, and opportunities of such a technology adoption.To draw clear lines within this master thesis the distinction is made that a central bank digital currency (CBDC) must be issued by a central bank and in conclusion offer a direct claim of CBDC holders on the issuing central bank. There are three architecture types of CBDC: wholesale CBDCs, hybrid CBDCs, and retail CBDCs. These concepts describe the eligible CBDC accessors and handling parties of the transactions....
Schlagwörter
Fachgebiet (DDC)
330 - Wirtschaft
Veranstaltung
Startdatum der Ausstellung
Enddatum der Ausstellung
Startdatum der Konferenz
Enddatum der Konferenz
Datum der letzten Prüfung
ISBN
ISSN
Sprache
Englisch
Während FHNW Zugehörigkeit erstellt
Ja
Zukunftsfelder FHNW
Publikationsstatus
Begutachtung
Open Access-Status
Lizenz
Zitation
RÜEGG, Patrik, 2021. Introduction of a Swiss hybrid CBDC: Opportunities for the Swiss payment service provider industry to adapt to machine economy and IoT. Olten: Hochschule für Wirtschaft FHNW. Verfügbar unter: https://irf.fhnw.ch/handle/11654/40420