Digital Dollar Project names 22 new advisory group members
The Digital Dollar Project has just announced its first advisory group members.
Digital Dollar Project, a partnership between Accenture (NYSE: ACN) and the Digital Dollar Foundation to advance exploration of a United States Central Bank Digital Currency (CBDC). The purpose of the project is to encourage research and public discussion on the potential advantages of a digital dollar. It also works with the private sector thought leaders and actors and propose possible models to support the public sector. The Digital Dollar Project aims to develop a framework for potential, practical steps that can be taken to establish a central bank digital currency (CBDC).
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 law firm Willkie Farr & Gallagher and the former 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 the founder and CEO of Gattaca Horizons LLC, and previously served as the CFTC’s first Chief Innovation Officer and Director of LabCFTC.
The new advisory group members included prominent businesspeople, economists, former regulators, technology luminaries and educators who are experts in the fields of banking, capital markets, international standards, anti-money laundering, monetary policy, national security, and privacy and property rights.
Payment advisory members include Cuy Sheffield, Head of Cryptocurrency at Visa and Jesse McWaters, VP of Global Digital Public Policy at Mastercard. Ex-government representatives include Sigal Mandelker, former Under Secretary of the Treasury for Terrorism and Financial Intelligence and Mike Piwowar, former commissioner of the U.S. Securities and Exchange Commission. You will find the complete list here.
“The insights and expertise of the new advisory group members will be invaluable as we work together to help make the dollar a more effective and smarter currency in an increasingly digital global economy,” said Chris Giancarlo. “Welcoming these first advisors and holding our first official meeting — held virtually — were critical objectives for the project. We look forward to having others join as significant contributors to our efforts.”
Accenture is the lead architect and technology innovation partner of the not-for-profit Digital Dollar Foundation that was launched earlier this year.
“We believe that a Central Bank Digital Currency will be an important 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 impressive group of advisory members will help us chart a course for the modernization of our financial systems.”
The Digital Dollar Project will invite select key stakeholders to join a series of workshops in the coming months. The team is also planning to share more information about their proposed designs and plans in the late first half of the year.
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