Every single penny will have its unique identification code. The central bank, and the government, and the tax authorities, will at all times know in who’s wallet each cent lies. It will be possible to not only know about every transaction you did but also to determine when and why you received any money from anyone.

If you have financial secrets that you are hiding from someone like your wife,, business colleagues or whatever, it will still be no secret from governments, the tax authorities, the police, and everybody else who is able to investigate.

Of course due to the complexity these investigations will be done by computers rather than humans. The flow of every single cent through the economy will be visible to the Central-bank, giving them a much better tool to manage the economy.