Designing with Digital Tokens: A Primer for Central Bankers

Many central and commercial banks are now exploring the use of blockchain or more generally, distributed ledger technology (DLT) for the design of new payment systems infrastructure around the world. Native crypto-assets as well as tokens issued on DLT networks, such as Central Bank issued Digital Currency (CBDC) and so-called stablecoins, are being considered as building blocks.

Dilip Rao offers a framework for the assessment of needs for different use cases against the attributes of various DLT tokens for a more rigorous selection of technology.

In summary:
– Digital token attributes are critical to solving for your use case of interest
– CBDC, bank tokens and crypto-assets solve different problems and can work together
– A thoughtful design approach can result in better outcomes at lower costs and risks

Read more: Central Bankers Payments News Oct 2019, pp 18. Courtesy Currency Research.

Hello world!

What does one do after retiring from a dream job and a long career across three continents?

A new website is a start – welcome to Woomera Labs and a new journey for me!

I first set up Woomera Labs in early 2014 in the USA to incubate startups that might need help to engage with large corporates. In San Francisco I chanced upon Ripple Labs and secured two large Australian banks to conduct proof of concept projects with them. Things went so well that I wound up working for Ripple, full-time from January 2015. Until Dec 2019.

So this is ‘back to the future’ but with a looser brief – anything that looks interesting where I can add some value to make good things happen.

Ping me on Twitter or LinkedIn!