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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.