Capital Markets Special Interest Group meets at 10:00 am EDT (14:00 UTC).
Join via: https://zoom.us/my/hyperledger.community.backup

Or iPhone one-tap : US: +16465588656,,4034983298# or +16699006833,,4034983298# Or Telephone: Dial(for higher quality, dial a number based on your current location): US: +1 646 558 8656 or +1 669 900 6833 or +1 855 880 1246 (Toll Free) or +1 877 369 0926 (Toll Free)

Meeting ID: 622 333 6701 International numbers available: https://zoom.us/u/bAaJoyznp

Date


Attendees

Main Event


Digital Dollar Project (DDP): An open discussion on the whitepaper

Related material:

e-Krona paper 2

Discussion items

Time

Item

Who

Notes

5 minAnti-Trust & code of conductVB
50 min DDP discussion + Q&AKO& All
5 minAOB

Recordings

Video

Audio

Links from the chat

DDP and financial inclusion: https://www.forbes.com/sites/vipinbharathan/2020/06/29/digital-dollar-project-in-light-of-recent-congressional-hearings/#73d1c3112dc2
Mani Pillai : https://www.digitaldollarproject.org/exploring-a-us-cbdc
Vipin Bharathan : DDP presentation curated by Accenture next Tuesday the 21st registration link: https://web.cvent.com/event/eabf680b-51c0-4d76-b975-b2e7735548d5/summary?rp=00000000-0000-0000-0000-000000000000
Duncan Johnston-Watt : https://www.isda.org/tag/common-domain-model/

Minutes

Questions:

  1. Interoperability. Answer: use standards
  2. Privacy vs AML/KYC - (see above) Stephane Mouy: One question - How does this proposal accommodate Anti-money laundering requirements ? Although the account model no doubt has many limitations and is costly, one benefit is that it puts the onus on established third parties (financial service providers which are regulated entities) to ensure compliance with AML requirements. How would this apply here?
  3. How does it co-exist with cash? - RonQ
  4. Peer to peer without eventual reconciliation.
  5. Focus on payments infrastructure.
  6. Two tier system vs direct claims - tokens migrating- distribution of cbdc through ATMs
  7. What about the cloud architecture should support the project? How AWS, Google, Microsoft and other big players will interact with Fed?

The CMSIG can collaborate on a response to the DDP whitepaper. This is totally up to the group.

A page to co-ordinate the response to DDP has been created.