Tokenization as a pathway to anonymity in central bank digital currencies

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F25%3A10152743" target="_blank" >RIV/26482789:_____/25:10152743 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/pii/S027553192500025X?dgcid=author" target="_blank" >https://www.sciencedirect.com/science/article/pii/S027553192500025X?dgcid=author</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.ribaf.2025.102769" target="_blank" >10.1016/j.ribaf.2025.102769</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Tokenization as a pathway to anonymity in central bank digital currencies

Popis výsledku v původním jazyce

Central Bank Digital Currencies (CBDCs) have emerged as a pivotal innovation in the financial landscape. However, a fundamental challenge arises when considering the inherent nature of retail CBDCs: the potential loss of transactional anonymity, a hallmark feature of physical cash. This paper posits that while direct digital representations of currency may struggle to maintain user anonymity due to traceable digital footprints, tokenization could offer a solution. However, tokenized CBDCs would require users to engage with hardware wallets and third-party storage solutions, initially presenting a barrier due to the general public&apos;s unfamiliarity with such technologies. We propose that broad tokenization may address these challenges. As tokenization spreads and the upcoming generation becomes proficient in handling private keys, CBDCs could mirror cash&apos;s anonymity. This paper highlights the role of financial and IT education in building trust in tokenization and bridging the anonymity gap between digital and physical currencies.

Název v anglickém jazyce

Tokenization as a pathway to anonymity in central bank digital currencies

Popis výsledku anglicky

Central Bank Digital Currencies (CBDCs) have emerged as a pivotal innovation in the financial landscape. However, a fundamental challenge arises when considering the inherent nature of retail CBDCs: the potential loss of transactional anonymity, a hallmark feature of physical cash. This paper posits that while direct digital representations of currency may struggle to maintain user anonymity due to traceable digital footprints, tokenization could offer a solution. However, tokenized CBDCs would require users to engage with hardware wallets and third-party storage solutions, initially presenting a barrier due to the general public&apos;s unfamiliarity with such technologies. We propose that broad tokenization may address these challenges. As tokenization spreads and the upcoming generation becomes proficient in handling private keys, CBDCs could mirror cash&apos;s anonymity. This paper highlights the role of financial and IT education in building trust in tokenization and bridging the anonymity gap between digital and physical currencies.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Research in International Business and Finance

ISSN

0275-5319

e-ISSN

1878-3384

Svazek periodika

75

Číslo periodika v rámci svazku

březen 2025

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

25

Strana od-do

102769

Kód UT WoS článku

001406426600001

EID výsledku v databázi Scopus

2-s2.0-85215384395