White Paper: Offline DLT for Retail CBDC,
to enable payment transactions without the Internet.
Description: “Over 80% of Central Banks will develop CBDC (Central Bank Digital Currency) in the coming years”, BIS.org and CBDC will reshape the fintech industry with enormous opportunities for digital payments.
Problem “To provide [frictionless] cash-like payment experience, the ability to handle peak traffic as well as connectivity breaks or offline”, BIS.org. DLT, ledgers on servers concept, is widely used in CBDC for transaction verification, but with peak traffic congestion and offline usage problems.
Solution/Technology: Our Offline DLT technologies: users carry their own secure and trusted ledgers on smartphones and transactions can be verified directly using NFC.
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