E-krona pilot phase 1

In this report the e-krona pilot project presents the lessons learned from the first phase of the project, including:

• The technology provides new possibilities, but requires further investigation. The technology gives the possibility to create uniquely identifiable e-kronor, but is untried when it comes to processing retail payments in the magnitude and with the safety level required by a central bank digital currency.
• Different forms of storage of tokens and keys provide different properties. The way the money is stored should ultimately be determined by which functions are given priority in the e-krona. One important question is whether the e-krona will function even without access to the internet, what is known as off-line functionality, a possibility the project has not yet tested.
• A parallel network makes the payment system more robust. A solution based on blockchain technology and tokens means that one creates an infrastructure that to a great extent functions parallel to today’s payment infrastructure.