The Central Bank’s Digital Research Institute deploys “smart contract” patents, and digital renminbi “customized” payment is coming

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 Titanium Media App reported on July 5 that recently, the application practice of digital renminbi combined with smart contracts has received widespread attention. A reporter from China Securities Journal learned from public data that the Digital Currency Research Institute of the People's Bank of China has applied for 8 patents with the word "smart contract" in the title, most of which will be filed in 2021, and most of the technologies covered are the underlying technical solutions of smart contracts, including: The registration method and execution method of the smart contract. According to industry experts, by loading smart contracts on the digital renminbi, while expanding the digital renminbi payment scene, it can realize the "customization" of payment and provide more convenient payment tools for the common people.

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