The Digital Dollar Project: 22 New Advisory Group Members Named.

The Digital Dollar Undertaking at the moment introduced its first advisory group members, who will assist  the framework for practical steps that might be taken to ascertain a U.S.Central Bank Digital Currency (CBDC).

The Digital Dollar Points out  new advisory group that will assist and guide the framework for steps to establish a US Central Bank Digital Currency

This innovation is as a result of partnership between Accenture (NYSE: ACN) and the Digital Dollar Foundation, the Digital Dollar Project was created to encourage analysis and public dialogue on the potential benefits of a CBDC — or a “digital dollar.” The Project will determine options for a CBDC resolution to help improve financial policy effectiveness and monetary stability; provide wanted scalability, safety and privateness in retail, wholesale and worldwide payments; and combine with existing financial infrastructures, together with U.S. Federal Reserve-related projects.

The Digital Dollar Project’s 22 new advisory group members — a listing of whom could be discovered at https://www.digitaldollarproject.org — include distinguished business people, economists, former regulators, expertise luminaries and educators who symbolize a cross-section of distinguished consultants within the fields of banking, capital markets, worldwide standards, anti-money laundering, monetary policy, nationwide safety, and privateness and property rights.

The Digital Dollar Project will discover design options and approaches for a CBDC through a deliberative process, together with stakeholder meetings, round table discussions and open boards. The Undertaking is headed by J. Christopher (“Chris”) Giancarlo, former chair of the Commodity Futures Trading Commission (CFTC); Charles Giancarlo, an entrepreneur, investor and executive who’s presently CEO of Pure Storage; and Daniel Gorfine, founder and CEO of Gattaca Horizons LLC, adjunct professor of Legislation on the Georgetown University Law Center, and former chief innovation officer at CFTC.

“The insights and experience of the brand new advisory group members will likely be invaluable as we work collectively to help make the dollar a more effective and smarter currency in an more and more digital world economic system,” said Chris Giancarlo. “Welcoming these first advisors and holding our first official meeting — held virtually — were critical aims for the project. We look ahead to having others be a part of as significant contributors to our efforts.”

Accenture is the lead architect and expertise innovation partner of the not-for-profit Digital Dollar Foundation, which was launched earlier this year.

“We consider {that a} Central Bank Digital Currency will likely be an essential building block for a more inclusive, efficient and effective global financial system,” said David Treat, a senior managing director at Accenture who leads its Blockchain practice globally. “This spectacular group of advisory members will help us chart a course for the modernisation of our financial techniques.”

The Project’s subsequent step will likely be to develop a white paper proposing core elements and the worth proposition of a digital dollar, which the group plans to launch within the next two months.

About Digital Dollar Foundation

The Digital Dollar Foundation is a not-for-profit group created to support the Digital Dollar Project’s efforts to advance exploration of a United States Central Bank Digital Currency with a view to advance the wants of global financial methods and consumers. The Foundation is led by the Honorable J. Christopher Giancarlo, Charles H. Giancarlo and Daniel Gorfine. J. Christopher Giancarlo is Senior Counsel to the international regulation firm Willkie Farr & Gallagher and the previous Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Charles Giancarlo is the CEO of Pure Storage (NYSE: PSTG), and formerly served in senior executive roles at Cisco Systems (Nasdaq: CSCO) and Silver Lake Partners, the private equity firm. Daniel Gorfine is founder and CEO of Gattaca Horizons LLC, and beforehand served as the CFTC’s first Chief Innovation Officer and Director of LabCFTC. FTI Consulting, a worldwide business advisory firm devoted to helping organizations handle change, mitigate threat and resolve disputes, is offering strategic communication support for the Foundation and Project. For extra info on the Digital Dollar Project please go to: DigitalDollarProject.org or contact: info@DigitalDollarProject.org.

About Accenture

Accenture is a number one world professional services company, offering a broad vary of services in strategy and consulting, interactive, know-how and operations, with digital capabilities across all of these services. We mix unmatched experience and specialised capabilities across more than 40 industries — powered by the world’s largest community of Advanced Technology and Intelligent Operations centers. With 509,000 individuals serving clients in more than 120 international locations, Accenture brings steady innovation to assist clients enhance their performance and create lasting value throughout their enterprises. Go to us at www.accenture.com.

This document makes descriptive reference to trademarks which may be owned by others. The usage of such trademarks herein isn’t an assertion of possession of such logos by Accenture and isn’t meant to symbolize or imply the existence of an association between Accenture and the lawful owners of such trademarks.

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