Abstract
In this master thesis, the monetary digitalization landscape is examined, with particular attention to how blockchain technology is incorporated into the creation of CentralBank Digital Currencies (CBDCs). In the environment of the world’s shift to digital
transactions, this study finds a new use for digital commemorative coins, offering a
smooth fusion of custom and technology. The paper offers a detailed analysis of the
technological workings, possible advantages, and innate difficulties involved in switching to digital currency systems, especially when viewed through the decentralization,
security, and transparency characteristics of blockchain technology.
The creation of a smart contract prototype that uses a pseudo-random generator
to automate the generation of unique commemorative digital currencies is a significant contribution of this thesis. This prototype demonstrates not only the viability of
incorporating such technology into official monetary processes, but also the improved
capacity of CBDCs to commemorate historical and cultural landmarks digitally. The
research goes further to examine how these developments may affect user privacy, security, and monetary policy. This provides insights into the challenges and issues that
policymakers will face as we move toward a world where digital currencies are the norm.
This thesis supports a thoughtful integration of technology that respects both heritage and the demands of an increasingly digital economy, bridging the gap between
traditional commemorative coinage and modern digital solutions. It also lays the foundation for future studies and developments in the digital monetary domain.
| Date of Award | 2024 |
|---|---|
| Original language | English (American) |
| Supervisor | Werner Christian Kurschl (Supervisor) |