• Tue. Aug 2nd, 2022

Strong US and global GDP growth reinforces the need for CBDC, making it more immediate

ByHazel R. Lang

Jun 29, 2022

DUBLIN, June 29, 2022 /PRNewswire/ — The report “Central Bank Blockchain Digital Currency (CBDC) and Cryptocurrency Reserves: Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028” by Wintergreen Research, Inc has been added to from ResearchAndMarkets.com offer.

The implementation of electric vehicles should add $114 trillion to the global economy by 2028 in addition to what is part of the global economy today.

This will create a demand for more cross-border settlements – faster, cheaper and more efficient cross-border settlements. The growth that comes from replacing the entire installed base of gasoline-powered vehicles is a once-in-a-lifetime event that provides a huge boost to the global economy. This makes the US national debt of $30 trillion pales in comparison to what is added to the economy by this industry alone, one of many driven by AI and the implementation of energy storage.

Global central bank digital currency markets are poised for continued growth as the benefits of using new materials are used to reduce the cost of producing lithium-ion batteries. The customization achieved by proportionally reducing the amount of cobalt inside the cathode is an important market growth driver. The rapid response to global warming is the main driver of growth.

The CBDC will support faster and cheaper cross-border payments. The settlement process is reduced from two days to several seconds, creating a less expensive and more efficient cross-border settlement process. CBDC is the ultimate digital advancement, digital currency. The goal is to create a value-stable digital currency that can be used for cross-border settlements.

Strong US and global GDP growth reinforces the need for CBDCs, making it more immediate.

Governments have never had a monopoly on the supply of money. Private systems — not backed by government or deposit insurance — have sprung up regularly in the past, often to serve low-key communities. In the United States in the 1800s, for example, railroad and canal companies paid workers in the form of paper “certificates,” redeemable for merchandise at sponsored stores.

Solid State Batteries Drive Economic Growth and Adoption of Central Bank Digital Currency

Electric vehicles are just one aspect of the new industrial revolution. Silicon carbide replaces silicon. Robots are replacing much of the human labor in manufacturing. AI, CBDC, autonomous vehicles, robots, air taxis and a range of new technologies will push economic growth far beyond what is even dreamed of today.

The problem is how to distribute the wealth among all so that they can participate in the economy and drive continued economic growth. The education of all, lifelong education becomes important, giving everyone something to eat and having health care is important, as is pushing solutions to fight against global warming. All of this is discussed in the context of CBDCs, creating a digital asset that central banks can control as a stablecoin.

The assumption is that commercial banking will continue as before, lending and serving industries, businesses and individuals. The central bank’s CBDC will handle cross-border payments and transactions.

Key topics include:

  • Central Bank Digital Currency (CBDC)
  • Cryptocurrency reserves
  • digital currency
  • blockchain
  • Tokens
  • Cryptocurrency value
  • Crypto decline
  • Fluctuating Cryptocurrency Values
  • Bitcoin
  • Currency stability
  • The Commercial Bank
  • Digitization
  • Cross-border settlements
  • Cross-border payments
  • Mondial economy
  • Electric vehicles
  • Settlement in digital currency
  • Reduce tax evasion

Main topics covered:

1. Digital currency for transaction settlements
1.1 Blockchain as an electronic list of connected records
1.2 US CBDC Instant Payments Operation
1.3 4th industrial revolution
1.4 CBDC Digital Financial Revolution
1.5 Implications of CDBC for the New Industrial Revolution
1.6 Central bank digital currency
1.7 Commercial Banking Services Market Description

2. CBDC Central Bank Digital Currency Market Shares and Market Forecast

2.1 Central Bank Digital Currency CBDC Market Driving Forces
2.1.1 Value of CBDC Digitization of Cross-Border Settlement Payments
2.1.2 CBDC Market Driving Forces
2.2 CBDC Blockchain in Central Bank Digital Currency Market Share
2.3 Central Bank Digital Currency CBDC Market Forecast
2.3.1 Improvements to payment systems
2.3.2 Central Bank monetary policy
2.4 Global Economy and Selected Market Segments
2.4.1 Automotive manufacturing companies
2.4.2 Global Business Movement $23.5 trillion In all countries Annually
2.4.3 US central bank currency: the most reliable
2.4.4 Drop in value of cryptocurrency
2.4.5 Token-based CBDCs
2.5 CBDC Digital Currency Regional Market Segments
2.5.1 United States
2.5.2 U.S. Central Bank (CBDC) Digital Currency Executive Order: Research is a Matter of Urgency
2.5.3 China
2.5.4 CBDC for China
2.5.5 India
2.5.6 IBM Blockchain Platform for finance and supply chain security India
2.5.7 Japan
2.5.8 United Kingdom
2.5.9 Swiss
2.5.10 Bahamian and Cambodia

3. Global Economy, CBDC, Blockchain and Stable Currency

3.1 Changing Financial Markets, Countries Seek to Further Adopt Digital Technology for Tax Auditing and Cross-Border Settlements
3.1.1 A wealthy American clientele provides leadership in the 4th industrial revolution
3.1.2 Fundamental strength of the US economy
3.1.3 Elite players orchestrate the global economy
3.2 Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative
3.2.1 The United States will issue a digital currency CBDC
3.2.2 The CBDC Brings a Change in the Money Supply
3.3 Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot
3.3.1 Bank for International Settlements (BIS)
3.4 Bank for International Settlements (BIS) CBDC Core Technology Options
3.5 Reduce tax evasion, money laundering and fraud with cryptocurrency
3.5.1 Executive Order on Whole of Government Approach to Cryptocurrency in the United States:
3.5.2 Identifiers reducing tax evasion, money laundering and fraud
3.6 Bitcoin and cryptocurrencies
3.6.1 Digital Cryptocurrencies
3.6.2 Bitcoin, Ethereum and other cryptocurrencies
3.6.3 US Central Bank Crackdown on Digital Currency
3.7 Volatility of bitcoin and similar cryptocurrency
3.7.1 Fluctuating values ​​of cryptocurrency
3.8 Blockchain simply cannot scale
3.8.1 L4SX Tapestry
3.8.2 Consistency issues with Blockchain
3.9 Stable Currency

4. Central Bank Sector – Central Bank Digital Currency

4.1 The CBDC improves the efficiency of cross-border settlement
4.2 CBDC Transaction Flow
4.3 Blockchain comparison: Corda, Fabric and Quorum
4.4 Go digital
4.5 Gap between GDP and debt
4.5.1 AI in central banking
4.6 Internet 3.0
4.7 Moving to Automation: AI and Quantum Computing
4.7.1 Industry innovation and transformation
4.8 Electric vehicles, solid-state batteries and energy storage
4.9 Central banks embrace banking as a service
4.9.1 Hyperledger Fabric Transaction Flow
4.9.2 Hyperledger Fabric vs. Hyperledger Sawtooth
4.10 Banking regulations

5. Profiles of Blockchain Banking and Financial Technology Companies

5.1 Accenture
5.2 Acee Blockchain
5.3 Blockchain applied
5.4 AWS
5.5 Bank for International Settlements (BIS)
5.6 Bitfury
5.7 Block.One
5.8 DBS Bank
5.9 The Digital Dollar Foundation
5.10 EOS
5.11 European Union Blockchain Observatory and Forum
5.12 Facebook Libra
5.13 ACS Global Blockchain Association
5.14 Goldman Sachs
5.15 Influx data
5.16 Infosys
5.17 Intel, BMW, and Nielsen: Tribe Accelerator
5.18 JPMC
5.19 IBM Hyperledger framework
5.20 JP Morgan Chase (JPMC)
5.21 Microsoft
5.22 World Health Organization Working with Oracle and IBM to create a digital registry
5.23 Partior/JP Morgan, DBS Bank and Temasek
5.24 Quorum
5.25 R3
5.26 Ripple
5.27 PAS
5.28 Swift
5.29 L4S/UpholsteryX
5.30 Tata Consulting Services (TCS)
5.31 Wipro

6. Selected Description of Banks

6.1 Commercial banks
6.2 J. P. Morgan Chase
6.2.1 JPMorgan Onyx
6.3 Barklays
6.3.1 Digital currency
6.3.2 Private platforms can be risky
6.3.3 ‘Fedcoin’ features
6.3.4 Barklays CBDC Analysis

For more information about this report visit https://www.researchandmarkets.com/r/4bw0gb

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