An upcoming event in London will discuss the potential of blockchain technology for the existing financial services industry.
The financial services industry is moving towards a blockchain-based future. As it does so, standards are needed.
Distributed ledgers and cryptocurrency systems are fundamentally different. The key difference involves how transactions are validated: Bitcoin uses pseudonyous and anonymous nodes to validate transactions whereas distributed ledgers require legal identities – permissioned nodes to validate transactions. Consequently, distributed ledgers are able to legally host off-chain assets due to their authenticated, permissioned approach to validation. […]
Wells Fargo Securities’ head of currency strategy provides a basic, cursory research primer on bitcoin in the context of global currency markets.
Although digital currencies could, in theory, serve as money for anybody with an internet-enabled device, at present they act as money only to a limited extent and only for relatively few people. The economics of the schemes as currently designed, both in terms of individuals incentives and at a macroeconomic level, pose significant challenges to […]
A report by the European Central Bank on various virtual currencies, their communities, and their implications for central banking.
A generalized theorem involving nominal spending and total transaction number, which in turn suggests an econometric gauge that can assess current monetary policy by reference to a free banking-theoretic idea, with implications for cryptocurrency design and monetary policy.
In the absence of trust opportunities can be lost. A typical solution involves trusting a third party to mediate a transaction across parties for a fee becoming the single point of failure throughout the whole process . Almost every sector in the economy that involves a third party runs the risk of loss to the […]