Central Bank Digital Currencies
Understanding and Modeling CBDCs
Over 70 countries are conducting R&D on central bank digital currencies (CBDCs) around the world. Through our organic analytical resources and cryptocurrency modeling technologies, Terranet’s CBDCs Model offers customers the unique ability not only to fully evaluate and understand the underlying technology upon which a CBDC is built, but also to generate a “digital twin” of that technology and its highly complex macroeconomic ecosystem. From that digital twin, we will be able to fully model, simulate and perform predictive analysis of a CBDC’s usage patterns, domestic and international capital flows, and pricing and money supply dynamics.
Pairing this digital currency model with real world and simulated economic data inputs and technical parameters, we are establishing a comprehensive monitoring and simulation platform, termed the Digital Twin Analytical Platform (DTAP), that will identify characteristics of CBDC ecosystems and provide a “digital proving ground” for a wide variety of global impact scenarios. We envision this simulation and analysis platform to be accessible to member organizations from the financial, regulatory and academic sectors.
We are offering membership subscriptions to our research newsletter. If you are interested in joining our research platform as a sponsoring member, please email us for an introductory free trial, which includes a subscription to our monthly newsletter and periodic updates on our research initiatives.
We are rapidly growing our team of economists, systems engineers, scientists and blockchain experts to observe, study, and model the fast-emerging CBDCs. Please email us to learn more about our platform and to meet members of the team.
CBDC News
November 2019
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The governor of Ghana’s central bank, Ernest Addison, revealed that a digital form of the nation’s currency, the cedi, is being developed as well as a pilot project in a “sandbox environment”. Addison also said how transactions through mobile phones increased by 70 percent from 2017 to 2018. Because of this, Addison authorized the Bank of Ghana to issue mobile money that would be backed 1:1 by cedi to utilize the mobile money market. He also made it clear that the central bank cannot create money and because it is backed by cedi, it is not a cryptocurrency. Go to Article.