Re: "Do CBDCs improve existing business?"
On top of that, if you want to make me download a terabyte of blockchain data ...
Ahem ... Possibly (one hopes -- Probably) not. Cryptocurrency is digital. But not all digital currency is crypto. A huge fraction of the world's "wealth" is already digital in that it consists mostly or entirely of bits stored in computers. Is it real? Yeah. In some sense at least. You can accumulate it, buy and sell it, use it to buy stuff, or borrow against it. And in many (most?) cases, it has at least some tangible value that will remain even if the trading value goes (temporarily?) to zero.
A digital currency in the sense the HCB is talking about is digital assets that are backed somehow by a credible institution like a government or (a) major financial institution(s) that guarantees to try maintain some short term stability and to take the stuff off your hands and pay you something for it even if the ordinary markets are somehow paralyzed. It's also somewhat anonymous in that you can spend its tokens without proving ownership. Mostly, having the tokens makes them yours.
Cryptocurrency has most of the trappings of a currency. But it lacks a credible guaranteer. Its "value" can and very likely will go to zero during the next major crash of the world's financial markets. A crash which, incidentally, seems to me more and more imminent as the volume of financial excess worldwide builds. I, for one, won't miss crypto. It's a significant waste of resource and a vehicle for way too much questionable activity.
Blockchain is an interesting technology that genuinely seems to have no known useful application other than making counterfitting of cryptocurrency so difficult that it's easier to just follow the rules and create it "legitimately".
What's at issue here, I think is what problems would have to be addressed should governments/central banks decide to go into an activity that looks to me like government backed debit/prepaid-credit cards. Why would they want to do that? Well, it might make some forms of nefarious/unpopular activity more difficult. But mostly, I doubt they will. I sure could be wrong.
But getting back to the original issue. I doubt, they would need or want blockchain to lock down their credit/debit tokens.
This is an issue for economists. I am not (and would not want to be) an economist. Economists are very clever people. And, unlike most "soft scientists" they are not afraid of math and sometimes manage not to make too much of a hash of its application. Nonetheless, it is clear that they are a VERY long way from actually understanding economics.