Opportunity “Central banks collectively representing a fifth of the world’s population are likely to launch retail CBDCs in the next three years”, BIS.org DLT (Distributed Ledger Technology) will be the key component for transaction verification. Problem DLT is found too slow to support huge traffic and cannot support usage without the Internet. Solution Users will carry their own ledger on smartphones, transactions can be verified instantly using proximity communication such as NFC. This “Offline DLT” methodology overcomes - the peak congestion - offline usage problem. - also allows users better control of their own privacy.
