Simulating Blockchain Applications in Large-Value Payment Systems through Agent-Based Modeling

Kenneth See (National University of Singapore), Nicholas MacGregor Garcia (National University of Singapore), Xiaofan Li (National University of Singapore)

Abstract

We introduce an interactive Large-Value Payment System simulator designed to explore potential blockchain-based designs via agentbased modeling. Two hypothetical blockchain-based scenarios are used to demonstrate the simulator's capabilities. This tool supports financial institutions and policymakers in assessing blockchain's practical applications and in making informed design decisions for future enhancements in Large-Value Payment Systems. Our demo video can be found at this link: http://bit.ly/4aSBpWS.