Details

Decoding Digital Assets


Decoding Digital Assets

Distinguishing the Dream from the Dystopia in Stablecoins, Tokenized Deposits, and Central Bank Digital Currencies

von: Leon V. Schumacher

53,49 €

Verlag: Palgrave Macmillan
Format: PDF
Veröffentl.: 31.05.2024
ISBN/EAN: 9783031546013
Sprache: englisch

Dieses eBook enthält ein Wasserzeichen.

Beschreibungen

<p>Central bank digital currency (CBDC) is on the horizon, with more than 130 central banks globally considering such projects. But is this beneficial for citizens and the financial system? This book offers a comprehensive guide on the intricate subjects of CBDCs, stablecoins, and tokenized deposits. Authored by an industry expert who has actively participated in the development of CBDC solutions, this book demystifies the complexities of CBDC and digital assets, presenting both the opportunities and challenges with practical examples and real-world contexts.</p>The book covers the history of money and the background of cryptography and technology architectures that are shaping the future of payments. It presents the risks and opportunities that these digital assets and CBDCs mean for our society. It discusses how CBDCs and stablecoins can potentially stabilize digital payment systems, offers opportunities for immediate settlements, and facilitate efficient cross-border payments. However, it also notes the significant challenges, including legal and regulatory complexities, social impacts, privacy concerns, security threats, and the risk of mass-surveillance. The book explores the different characteristics of digital assets, the options available for each characteristic (like privacy, sovereignty,…) and provides detailed knowledge to judge the merits of the solutions proposed by private and public players.<p></p>A must-read for anyone looking to understand the rapidly evolving world of digital currencies, this book encourages critical thinking about the opportunities and challenges presented by CBDCs and other digital assets and prompts readers to consider the vital aspects of privacy, security, and governance in an increasingly complex digital financial landscape.<p></p><p></p><p></p><p></p><p></p>
<p>1. Introduction.- 2. An introduction to cryptography: Unlocking the future of money.- 3. An introduction to technology architectures: Shaping the future of payments.- 4. Understanding privacy.- 5. Understanding money.- 6. A deep dive into payments.- 7. Understanding central banks.- 8. Exploring the nature of assets.- 9. A primer on crypto-assets and the unavoidable blockchain.- 10. Unveiling the world of cryptocurrencies.- 11. Exploring Stablecoins: Ensuring stability in a volatile crypto market.- 12. Central Bank Digital Currencies (CBDCs): Exploring characteristics, risks and benefits.- 13. CBDC examples.- 14. Technology choices and design options.- 15. Architecting a retail CBDC.- 16. Architecting a wholesale CBDC.- 17. Conclusion.</p>
<p><b>Leon V. Schumacher</b> is a seasoned technology leader and entrepreneur. He holds a master’s in electrical engineering with a specialization in communications technology from the Swiss Federal Institute of Technology (ETH Zurich), a master’s in management from HEC Paris, and a post-MBA from the Kellogg School of Business at Northwestern University. Schumacher is a veteran in the global corporate sector, having served as Group Chief Information Officer for Novartis and ArcelorMittal and founded multiple tech start-ups related to cybersecurity, privacy, and digital assets.<br></p>
<p>“A CBDC reference book for decision makers who want to understand technological trade-offs and their socio-economic implications.”</p>—<b>Prof. Christian Grothoff</b>, Bern University of Applied Sciences<p></p>&nbsp;<p></p><p><i>“</i>Whether you’re seeking a broad understanding of the evolving digital currency ecosystem or practical insights for implementation, this book offers a compelling and insightful journey into the heart of the financial (r-)evolution.”</p>—<b>Dr. Jonas Gross</b>, Chairman Digital Euro Association<p></p>&nbsp;<p></p><p>“This is a comprehensive study that I recommend&nbsp;to anyone willing to get introduced to the fascinating world of CBDCs.”</p><p>—<b>Dr. Oriol Caudevilla</b>, FinTech Expert, Board Director at the Global Impact FinTech Forum (GIFT)</p><p>&nbsp;</p>“<i>Decoding Digital Assets</i>&nbsp;is the most comprehensive book I’ve encountered, presented in an unbiased and accessible manner.”<p></p>—<b>Richard Turrin</b>, bestselling author of&nbsp;<i>Cashless</i>&nbsp;and&nbsp;<i>Innovation Lab Excellence</i>, and Consultant & Speaker<p></p>&nbsp;<p></p><p>“<i>Decoding Digital Assets</i>&nbsp;is a must read for anyone looking for a place to start as well as those in need of a go-to reference.”</p><p>—<b>Morten Bech</b>, Head of the Bank of International Settlements - Innovation Hub Switzerland</p><p>&nbsp;</p>“<i>Decoding Digital Assets</i>&nbsp;stands out for its clarity, making complex topics accessible to a wide audience. It is a must read&nbsp;for anyone seeking to grasp the future of finance.”&nbsp;&nbsp;<p></p>—<b>John Ho</b>,&nbsp;Head Legal & Financial Markets at Standard Chartered Bank<p></p><br><p></p>“A reference to whoever, from starter to advanced, wants to grasp (or revisit) CDBC in all its dimensions.”<p></p>—<b>Gilles Coccoli</b>, Executive Committee member at Edenred<div><br></div><div><br></div><div><div><b>Leon V. Schumacher</b>&nbsp;is a seasoned technology leader and entrepreneur. He holds a master’s in electrical engineering with a specialization in communications technology from the Swiss Federal Institute of Technology (ETH Zurich), a master’s in management from HEC Paris, and a post-MBA from the Kellogg School of Business at Northwestern University. Schumacher is a veteran in the global corporate sector, having served as Group Chief Information Officer for Novartis and ArcelorMittal and founded multiple tech start-ups related to cybersecurity, privacy, and digital assets.<br></div></div>
Explores the vital aspects of privacy, security, and governance in an increasingly complex digital financial landscape Discusses the implications and consequences of transitioning to a cashless society Provides the know-how to understand and assess CBDC proposals on their risks and merits
“A CBDC reference book for decision makers who want to understand technological trade-offs and their socio-economic implications.”<p>—<b>Prof. Christian Grothoff</b>, Bern University of Applied Sciences</p><p>&nbsp;</p><p><i>“</i>Whether you’re seeking a broad understanding of the evolving digital currency ecosystem or practical insights for implementation, this book offers a compelling and insightful journey into the heart of the financial (r-)evolution.”</p><p>—<b>Dr. Jonas Gross</b>, Chairman Digital Euro Association</p>&nbsp;<p></p><p>“This is a comprehensive study that I recommend&nbsp;to anyone willing to get introduced to the fascinating world of CBDCs.”</p><p>—<b>Dr. Oriol Caudevilla</b>, FinTech Expert, Board Director at the Global Impact FinTech Forum (GIFT)</p><p>&nbsp;</p>“<i>Decoding Digital Assets</i>&nbsp;is the most comprehensive book I’ve encountered, presented in an unbiased and accessible manner.”<p></p>—<b>Richard Turrin</b>, bestselling author of&nbsp;<i>Cashless</i>&nbsp;and&nbsp;<i>Innovation Lab Excellence</i>, and Consultant & Speaker<p></p>&nbsp;<p></p><p>“<i>Decoding Digital Assets</i>&nbsp;is a must read for anyone looking for a place to start as well as those in need of a go-to reference.”</p><p>—<b>Morten Bech</b>, Head of the Bank of International Settlements - Innovation Hub Switzerland</p><p>&nbsp;</p>“<i>Decoding Digital Assets</i>&nbsp;stands out for its clarity, making complex topics accessible to a wide audience. It is a must read&nbsp;for anyone seeking to grasp the future of finance.”&nbsp;&nbsp;<p></p>—<b>John Ho</b>,&nbsp;Head Legal & Financial Markets at Standard Chartered Bank<p></p>&nbsp;<p></p><p>“A reference to whoever, from starter to advanced, wants to grasp (or revisit) CDBC in all its dimensions.”</p><p>—<b>Gilles Coccoli</b>, Executive Committee member at Edenred</p>

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