Photo by Jimmy Chan via Pexels

PwC releases report on eHKD implementation for low balance retail investors


It explores the potential impact of a hypothetical digital currency, e-HKD, on financial transactions. 

PwC has published a report titled "Programmable Payment and Investment: Cash Management for Low Balance Retail Investors with Hypothetical e-HKD" in Hong Kong.

In collaboration with Arta TechFin and Emali, the report explores the potential impact of a hypothetical digital currency, e-HKD, on financial transactions. 

It also discusses how smart contract programmability could enhance financial inclusion, increase rewards for low balance retail investors, and unlock small balances.

Based on insights gathered from a pilot program exploring commercial applications of e-HKD, the report will also shed light on its technological feasibility and highlights key learnings.

Additionally, it discusses the optimisation of client onboarding processes, including anti-money laundering and 'know your customer' procedures, through the utilisation of Digital Identity.

Moreover, the report examines transferrable verifiable credentials, legal aspects of smart contracts, and cryptographic techniques.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Hong Kong Residency rule could boost office sector
The ultra-rich are also expected to set up family offices in the city.
Allegrow Biotech engineers technology to activate immune cells
The startup’s invention can be used to treat and potentially cure diseases like cancer.
Healthcare
Renminbi rise to fuel Bank of China HK’s growth
The lender expects the currency to be used more often in cross-border deals.
Retail Banking