Algorand and Central Bank Digital Currency

Algorand's Director of Business Solutions David Markley presents on the Algorand blockchain and their project to build the world's first national digital currency, the Marshallese sovereign.

David and Dr. Andrea Civelli, Senior Economist at Algorand and Associate Professor in Economics at the University of Arkansas, answer questions from the audience following the presentation.

Session Description:
Current methods of cross border economic exchange are riddled with challenges that include lengthy wait times to send funds, exchange and transactions fees, operational risks, settlement issues, tracking issues and more. Central bank digital currency initiatives need to solve for these issues, but also bring into play the required regulations and compliance mechanisms.

The Marshall Islands recently chose the Algorand protocol as the technology for its digital currency due to the blockchain’s speed, scalability, security and ability to effectively implement required compliance controls and the transaction finality needed for a national currency.

Algorand Website: https://www.algorand.com/
Algorand Foundation Website: https://algorand.foundation/
Algorand on Twitter: https://twitter.com/Algorand

Видео Algorand and Central Bank Digital Currency канала Global Blockchain Business Council