"In the future, a distributed general ledger may be set up to register the digital currency issued by the central bank, in which the central bank provides basic digital wallets without authentication and downloading. In the future, banks may also provide digital wallets. Pack the original bank deposit and digital currency in a digital wallet. " Dr. Zhou Yonglin, Senior Manager of Financial Market Department of China Industrial and Commercial Bank, said at the Financial Technology Innovation Conference a few days ago.
In fact, 20 16, 165438, the official website, was revealed by the central bank in his job demand for 20 17, indicating that it would recruit six related professionals to engage in the architecture design and development of digital currency and related underlying platforms. Immediately, Yao Qian, head of the preparatory group of digital currency Research Institute of the Central Bank and deputy director of the Science and Technology Department, publicly stated that "the purpose of issuing digital currency by the Central Bank is to replace physical cash, reduce the cost of issuing and circulating traditional paper money, and enhance the convenience and transparency of economic transactions. As for when the statutory digital currency in China can be launched, there is no timetable yet. " However, Yao Qian revealed that the prototype plan for the central bank to issue legal digital currency has been revised twice.
It is worth mentioning that digital currency, developed by the Central Bank, took the lead in exploring the practical application of blockchain technology. According to Li Wei, director of the Science and Technology Department of the Central Bank, in recent years, central banks, commercial banks and Internet companies in some countries have actively explored blockchain technology and its application in the financial field. As a new technology, blockchain technology is still immature in terms of system stability, application security and business model. At present, it is mainly suitable for business scenarios with non-real-time, lightweight information, small transaction throughput and low information sensitivity.
"digital currency involves distributed architecture, cryptography, security chips, mobile payment, trusted computing and other technologies. Blockchain technology is just one of the optional implementation technologies in digital currency. Whether it will be applied to digital currency in the future depends on whether the shortcomings of blockchain technology in network security, business processing performance and transaction consistency can be solved. " Li Wei said, "To this end, the central bank chose to build a blockchain technology application prototype system under the bill business scenario on 20 16, study its technical maturity and business adaptability, and verify the feasibility of its large-scale application in the financial industry."