In December 2020 the German Bundesbank issued a report: Money in Programmable Applications: Cross-Sector Perspectives in the German Economy. While many of the assertions made are valid, we believe that by focusing on payments, the report fails to recognize the role that trust plays in making economic transactions possible, and the role data plays in the assessment of value of goods and services.

Full details of our response are available in our newly released whitepaper:

Inveniam Response to the German Bundesbank’s “Money In Programmable Applications”