On a timeline of existing classical currencies, (FIAT Currencies) Crypto Currencies became only recently in fashion.
The real start was the introduction and acceptance of the BITCOIN token.
The original design of this digital token is based on a set of rules using a number of complex algorithms to ensure that the token’s ownership and related transactions were unique to avoid fraud. These algorithms and rules are still evolving and frequent subject to change.
Creating a new workable environment for the practical use of the BITCOIN has lead to the creation of many new supporting application modules & technical services all based with their own definitions & standards. Most of these standards are developed as private initiatives, without any community or government (regulatory) driven oversight.
A multitude of additional tokens were created and followed a similar design and development pattern as BITCOIN. As of today world-wide over 200+ tokens have been created and many of them are now being traded on difference token-exchanges around the world. However many governments has taken actions for ECOLOGICAL reasons against the way these tokens are created and traded.
In addition the volatility of the values of these tokens is very high, daily swings of over 10 % are not uncommon. All reasons why these tokens have little acceptance by the general public in the different markets.
To be clear: Most Central Banks are still considering this a private initiative.
A Central Bank Digital Currency.
Given the complexity as described, countries and communities are now requesting Central Banks to launch a Digital Currency (CBDC) to provide a reliable & secure Digital Currency.
Here are the main issues a Central Bank needs to resolve before launching a CBDC.
Users Acceptance of the CBDC concept by the communities at large. These concepts includes an easy migration for users who are using both existing digital currency channels and fiat currencies for payments.
Engagement of present Local and International partners to participate in the roll-out and execution of a CBDC in their respective territories.
Selection of Technology platform(s) that are proven and guaranteed by the respective providers. Platforms need to include most common Desktop and mobile devices.
Provides a state of the art application (eMINT Wallet) to store the CBDC and related transactions with features that are complementing existing payment platforms. This Wallet is to provide a secure service across all participating countries in the local languages.
Have safe and reliable Data Exchange mechanism available (with supporting PKI’s) between financial partners to avoid manual interventions.
Create and select special Program / Project teams for the development and implementation in each of the applicable territories.
As an experienced Project Management team with an extensive background in the Financial- and Technology space, we studied the recommendations of the leading international organizations on this subject. As a result a guide was created to implement a sound solution to resolve the above mentioned issues.
We have created this program in support of a reliable implementation of a CBDC's for Central Banks. As the immediate main contribution sofar we have created an umbrella under which Central Governments can operate. In addition we created a Wallet from the different main technology providers. This Wallet (eMINT) is registered as a trademark in different countries.
We are inviting the appropriate organizations to contact us for a detailed exchange in this matter.