Digital currencies, and especially central bank digital currencies, don't need blocks, chains or means to form consensus in the presence of untrusted third parties.
Fantastic read Dave! I only would add that the e-CNY is operational today in the very structure you suggest (in addition to the smart contract aspect you mention)
Fantastic read Dave! I only would add that the e-CNY is operational today in the very structure you suggest (in addition to the smart contract aspect you mention)