Admonet

Admonet is a term that appears in theoretical discussions of digital money to describe a conceptual monetary system that blends centralized administrative oversight with distributed ledger technology. It is not a defined protocol, product, or widely adopted standard, and there is no single, canonical specification associated with it.

In proposed models, admonet envisions a ledger-based framework where participants access accounts and transact through digital wallets, while a central authority provides regulatory, compliance, and anti-fraud controls. Transactions would be cryptographically secured, and an auditing layer would enable oversight and accountability. Privacy features might allow selective disclosure or tiered transparency to balance user confidentiality with regulatory requirements.

Governance in admonet concepts is typically described as tiered or multi-layered, combining rules set by regulators or a central body with mechanisms for stakeholder input and independent audits. The system would aim to support efficient cross-border payments and traceability for compliance, while attempting to preserve user consent and minimize unnecessary data exposure.

Status and reception: admonet remains a hypothetical construct used by scholars and policymakers to explore trade-offs between privacy, efficiency, regulatory oversight, and systemic risk in digital money. It is not an implemented standard, and no real-world deployment is currently based on a universally accepted admonet specification.

See also: digital currencies, central bank digital currencies, blockchain governance, regulated digital payments.