Historical Context and Key Features of Digital Money Tokens
- URL: http://arxiv.org/abs/2008.11084v1
- Date: Tue, 25 Aug 2020 14:58:35 GMT
- Title: Historical Context and Key Features of Digital Money Tokens
- Authors: Shreepad Shukla
- Abstract summary: We present a'money tree' which places this recent concept of digital money tokens into a historical context.
We identify key features of digital money tokens with options and examples.
- Score: 0.0
- License: http://creativecommons.org/licenses/by/4.0/
- Abstract: Digital money tokens have attracted the attention of financial institutions,
central banks, regulators, international associations and fintechs. Their
research and experimentation with digital money tokens has included creating
innovative technical and operational frameworks. In this paper, we present a
'money tree' which places this recent concept of digital money tokens into a
historical context by illustrating their evolution from more traditional forms
of money. We then identify key features of digital money tokens with options
and examples. We hope this paper will be of interest to the financial services
industry and we look forward to feedback.
Related papers
- IT Strategic alignment in the decentralized finance (DeFi): CBDC and digital currencies [49.1574468325115]
Decentralized finance (DeFi) is a disruptive-based financial infrastructure.
This paper seeks to answer two main questions 1) What are the common IT elements in the DeFi?
And 2) How the elements to the IT strategic alignment in DeFi?
arXiv Detail & Related papers (2024-05-17T10:19:20Z) - IT Enabling Factors in a new Industry Design: Open Banking and Digital Economy [44.99833362998488]
New IT demands and uses have been leading to changes in business processes and corporate governance.
The financial industry has adopted a new integrated banking model known as Open Banking.
The advent of cryptocurrencies has led to the Digital Economy (DE) materialization.
arXiv Detail & Related papers (2024-05-17T10:07:41Z) - Evaluation of Non-Fungible Token (NFT) [0.0]
The derivative of token standard of blockchain, termed as Non Fungible Token is distinguishable token.
These tokens are bound with digital properties that provide them unique identification.
This paper is an attempt to squeeze the NFT developments systematically.
arXiv Detail & Related papers (2023-08-28T08:12:32Z) - Money: Who Has a Stake in the Most Value-Centric Common Design Material? [8.24293374660084]
Central Bank Digital Currency (CBDC) is set to bring about a drastic change in the future of money.
This paper invites designers to reflect on their role in shaping material and immaterial monetary change.
arXiv Detail & Related papers (2023-07-13T05:30:41Z) - Digital Twins in Wind Energy: Emerging Technologies and
Industry-Informed Future Directions [75.81393574964038]
This article presents a comprehensive overview of the digital twin technology and its capability levels, with a specific focus on its applications in the wind energy industry.
It consolidates the definitions of digital twin and its capability levels on a scale from 0-5; 0-standalone, 1-descriptive, 2-diagnostic, 3-predictive, 4-prescriptive, 5-autonomous.
arXiv Detail & Related papers (2023-04-16T18:38:28Z) - Tokens and Distributed Ledgers in Digital Payment Systems [0.0]
We present a brief taxonomy of digital payment systems that use tokens.
We address the different models for how distributed ledger technology can support digital payment systems in general.
arXiv Detail & Related papers (2022-07-15T15:24:35Z) - UTXO in Digital Currencies: Account-based or Token-based? Or Both? [0.0]
The distinction between token-based and account-based systems is well entrenched in economics.
The UTXO design of Bitcoin exhibits partially characteristics of a token-based system and partially characteristics of an account-based system.
arXiv Detail & Related papers (2021-09-20T04:35:28Z) - Efficiency in Digital Economies -- A Primer on Tokenomics [55.41644538483948]
cryptographic tokens are a new digital paradigm that can facilitate the establishment of economic incentives in digital ecoystems.
We show how certain principles and values that arise from the evolutionary process of digital cooperation can lead to a market economy characterized by economic efficiency of both individuals and the tokenized ecosystem as a whole.
arXiv Detail & Related papers (2020-08-06T09:31:56Z) - From Tether to Libra: Stablecoins, Digital Currency and the Future of
Money [62.997667081978825]
It provides a compact definition for stablecoins, identifying the unique features that make them distinct from previously known payment systems.
It surveys the different use cases for stablecoins as well as the underlying economic incentives for creating them.
arXiv Detail & Related papers (2020-05-26T18:13:46Z) - NLP in FinTech Applications: Past, Present and Future [50.27357144360525]
We focus on the researches applying natural language processing (NLP) technologies in the finance domain.
We go through the application scenarios from three aspects including Know Your Customer (KYC), Know Your Product (KYP), and Satisfy Your Customer (SYC)
arXiv Detail & Related papers (2020-05-04T08:37:27Z)
This list is automatically generated from the titles and abstracts of the papers in this site.
This site does not guarantee the quality of this site (including all information) and is not responsible for any consequences.