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@article{175784,
        author = {Harsh Khandelwal and Atharv Pathak and Manish Choudhary and Dhiraj Sontakke},
        title = {A Survey on Central Bank Digital Currency (CBDC) Implementation Using Hyperledger Fabric},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {11},
        pages = {4026-4034},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=175784},
        abstract = {The emergence of Central Bank Digital Currencies (CBDCs) marks a significant shift in the evolution of digital financial systems. As central banks worldwide explore CBDCs to mod- ernize payment infrastructures, Distributed Ledger Technology (DLT), particularly Hyperledger Fabric, has gained prominence as a preferred blockchain framework for secure and scalable implementations. This survey paper provides a comprehensive analysis of CBDCs with a specific focus on their design, implementation, and operational aspects using Hyperledger Fabric as the core engine. It explores the key architectural models, transaction mechanisms, consensus protocols, privacy features, and regulatory considerations that shape CBDC deployment. Additionally, the paper presents case studies of global CBDC initiatives, highlighting the role of permissioned blockchain networks in enhancing security, transparency, and efficiency in digital monetary systems. The paper also examines challenges such as privacy concerns, interoperability, regulatory constraints, and financial stability risks. Finally, future research directions, including programmability, smart contracts, and cross-border transactions, are discussed to provide insights into the evolving landscape of blockchain-based CBDCs.},
        keywords = {Central Bank Digital Currency (CBDC), Blockchain, Hyperledger Fabric, Digital Payments, UTXO Model, Account-Based Model, Smart Contracts, Cryptography, Consensus Mechanism, Distributed Ledger Technology (DLT), Financial Technology (FinTech), Digital Wallets, Multi-Signature Transactions, Tokenization, Privacy and Security, Regulatory Compliance, Case Studies, Cross-Border Payments.},
        month = {April},
        }