Central Bank: Digital RMB can achieve programmability through smart contracts.

07月
16
2021-7-16 19:09
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[Central Bank: Digital RMB is Programmable from Smart Contract] On July 16, China's financial institutions published a free article titled "Chinese Digital RMB Research and Development," "Digital RMB Can Be Loaded With Smart Contracts. The achievement will enable the digital renminbi to make automatic payment changes based on conditions and policies that make the digital renminbi safe and compliant, and promote new business models. " The bank also said it will use smart technology contracts to deliver digital RMB plans, improve scalability, and support deep integration with application scenarios.

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Mu Changchun: RMB Digital has adopted a medium-sized model and is working with a medium-sized bank to change the exchange rates.
[Mu Changchun: The digital yuan has been adopted in the medium term, and joint ventures have been carried out by the central bank for the exchange rate.] July 16, The director of the Central Bank's Digital Currency Research Institute , Mu Changchun RMB payment authorization Citizens directly hold the bank account to promote high integration and low latency. root in the middle. All joint ventures are referred by the bank. Secure with features like double spending and anti-corruption, and can be transported in smart contracts with value-added benefits to support business model innovation and catalyze the available digital industry. (China Securities Network)
2021-7-16 19:12

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