Central Bank Digital Money R&D Accelerates, Industry Chain Companies Actively Layout

The Central Bank has recently emphasized the importance of promoting the research and development of legal Digital Money, attracting market attention. Data shows that the Central Bank Digital Money Research Institute has obtained 76 relevant patents, with 86 patents under review. Since the end of 2019, the institute has announced several key patents covering core aspects such as the generation, issuance, and circulation of Digital Money, laying the foundation for technological issuance.

At the same time, upstream and downstream enterprises in the industry chain are also actively laying out their plans. A certain payment platform announced five patents related to Central Bank Digital Money in February this year, covering aspects such as issuance, transaction records, and digital wallets. A large commercial bank, on the other hand, proposed innovative solutions in areas such as dual offline payments and merchant acquiring, clearing obstacles for the widespread application of digital money.

Other financial institutions and technology companies have also made布局 in fields related to blockchain, electronic wallets, etc. A certain telecommunications operator has launched a Digital Money trading optimization method, and a certain tech giant has signed a memorandum of understanding with the Central Bank for financial technology research cooperation. Several listed companies have stated that they have made relevant technological reserves.

It is worth noting that the specific technical route of Central Bank Digital Money has not yet been finalized. Some believe that there is a certain contradiction between blockchain technology and the centralized management of the Central Bank, and it may not be the main technical solution. However, some experts point out that experiments with blockchain-based digital money are rapidly advancing in multiple fields, and there is still room for development in the future.

As countries accelerate the research and development of digital money, the competitive and cooperative dynamics in the upstream and downstream of the industry chain will become more intense. The launch of China's Central Bank digital currency will bring new development opportunities for relevant enterprises, while also putting higher demands on their technological innovation capabilities.