...
Project Members
1. Adam Retkes - CBDC researcherAdvisor
2. Dániel Daniel Nagy - CBDC researcherAdvisor
3. Daniel Szego - DLT Architect
4. Balázs Héder - Blockchain specialist and researcher
5.Máté Mate Brezovszki - digital currency and neobank expert
...
Currently an international wire transfer has to go through a chain of correspondent banks to reach the beneficiary. This correspondent banking system has not changed much in the last 50 years since the SWIFT system was introduced. Cross-border money transfer faces serious frictions that have to be mitigated in order to stay competitive in the fight of stablecoins and other crypto assets. The most important correspondent banking frictions are the following:
...
Cross-border wholesale CBDC might provide a good solution to the problem. Typical use-cases like payment versus payment, or payment versus delivery provide solutions to cross-border and cross-national value exchange. It might be surprising though implementing such a use-case in an open-source fashion having DLT as core technology, as most the current crossborder payment systems run with direct message exchange protocols, like SWIFT or TARGET2 in a pretty private fashion. We believe however that DLT is actually the fastest developed transactional technology on the planet. With Hyperledger Besu efforts of both the Ethereum and Hyperledger communities are combined into one direction. Besides, other initiatives also exist for open-source CBDC systems, like the recently published OpenCBDC platform from M.I.T.
...
Adam Retkes - is an External CBDC Advisor establishing valuable partnerships between central banks and commercial banks to create next-gen payment systems focusing on cross-border wholesale central bank digital currencies. His main research area is implementing best practices of both retail and wholesale CBDCs.
Dániel Daniel Nagy - is an External CBDC Advisor who establishes valuable partnerships between central banks and commercial banks to create next-gen payment infrastructures focusing on cross-border wholesale central bank digital currencies. His main research area is implementing best practices of both retail and wholesale CBDCs along with the effects of digital currencies on the global macroeconomy and geopolitics. Previously as a director of institutional business, he gained extensive experience in wealth management and capital markets. Daniel is a co-founder and a member of CBDC Think Tank Budapest which is an independent think tank with the aim of establishing partnerships and working on CBDC-related projects, mostly focusing on cross-border type. Daniel regularly gives lectures at Corvinus University of Budapest, often talks about digital currencies, and publishes papers in the angles of macro-financial and geopolitical effects of CBDCs.
...
Balázs Héder - He is electric engineer with Ph.D. degree coming from the telecommunication industry. He is a blockchain enthusiast, passionate about the technology and about everything that blockchain means: Bitcoin and other cryptocurrencies, tokenization, smart contracts, DID, DeFi, NFT, industrial applications, new business models, public and consortium blockchain solutions, etc.
Máté Mate Brezovszki- Economist by degree, with professional experience initially gained at Big4 financial consulting firms and top tier investment banks, which eventually was mixed up with disruptive finance applications and trends. Mate has been in the digital currency and blockchain space since 2017. He is the acting CEO of a core banking platform developer company, allowing the integration of new asset types and business models into the compliant operation of Neobanks and innovative financial institutions.
...