Post #10 Everything shall be onto blockchain

With blockchain, world is moving closer to a cashless society.

Blockchain. Distributed ledger technology [DLT]. Central bank digital currency [CBDC]

Once a country’s financial payment system goes fully blockchain, there is no turning back. Everything can be tracked. Everyone can be tracked. What you buy 10 years ago can be traceable What you sold 10 years ago is recorded onto the blockchain.

The COVID-19 pandemic is accelerating the rise of central bank #digitalcurrencies as many governments see the handling of cash as a potential risk factor. This will likely add to calls to move towards #digitalcash according to our #dbresearch colleague @MarionLaboure pic.twitter.com/TnotaTKouK
— Deutsche Bank (@DeutscheBank) April 3, 2020