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.