A two-tier model for CBDC would empower public-private partnerships and enable Digital Cash to be designed by central banks but distributed by commercial FI’s. Digital currencies, denominated in the domestic unit of account, would be privately issued and managed, although fully backed with central bank reserves and monitored centrally.

1. www.BlockchainWorx.com
1 A two-tier model for CBDC would empower public-private partnerships and enable
Digital Cash to be designed by central banks but distributed by commercial FI’s
Digital currencies, denominated in the domestic unit of account, would be privately issued and managed, although fully backed with central bank reserves and monitored centrally
How it all comes together
Gateways
Issue / Manage
Traditional
FI’s
P-2-P Ecosystem
External
payments /
transfers
Legacy
Networks
API’s
Commercial Banks
Blockchain
Network
User
Management
Security &
Compliance
Policy
Management
Digital Wallets
Traditional
Systems
Central Bank
Balance
Design / Control
Independent Audit,
Reporting, etc.
Administration
Services
Individuals Enterprises
Reporting
Custody
Reporting
Traditional
Digital Open Protocols
API’s
Apps