Cambridge Centre for Alternative Finance Launches Digital Assets Research Project With 16 Banks – Bitcoin News

On Tuesday, Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School introduced a brand new analysis initiative targeted on the “growing digital asset ecosystem.” According to CCAF, the newly launched collaborative effort includes 16 monetary establishments such because the Bank for International Settlements (BIS), Accenture, EY, Goldman Sachs, and extra.

CCAF Launches 2-Year Research Effort Focused on the Digital Asset Ecosystem

Since 2015, the group CCAF has been devoted to the examine of technology-enabled and revolutionary devices reminiscent of cryptocurrencies. To date, CCAF has revealed over 40 trade and regulatory reviews that cover the rising crypto ecosystem. Additionally, CCAF is thought for publishing the Cambridge Bitcoin Electricity Consumption Index (CBECI) and CBECI bitcoin mining map. This week, CCAF has revealed a brand new analysis initiative referred to as Cambridge Digital Assets Programme (CDAP), which will probably be devoted to the cryptocurrency panorama and can contain an preliminary two years of analysis.

“CCAF at Cambridge Judge Business School today announced the launch of the Cambridge Digital Assets Programme (CDAP), a research initiative in collaboration with 16 leading banks, public sector agencies, and private organisations to shed light on the rapid digitisation of assets and value transfer systems,” the announcement on Tuesday notes. The CCAF announcement provides:

Over an preliminary interval of two years, CCAF will work with private and non-private organisations to create the empirical information, instruments, and insights essential to facilitate an evidence-based public dialogue in regards to the alternatives and dangers introduced by the rising digital asset ecosystem.

16 Prominent Financial Institutions Join the CDAP Initiative

CDAP’s collaborative accomplice checklist consists of the International Monetary Fund (IMF), Invesco, London Stock Exchange Group (LSEG), Mastercard, MSCI, Visa, World Bank, Accenture, BIS, Fidelity, EY, Dubai International Financial Centre (DIFC), British International Investment (BII), UK Foreign, Inter-American Development Bank (IDB), Commonwealth & Development Office (FCDO), and Goldman Sachs. The program will build on present instruments just like the CBECI software and the group’s Global Crypto Asset Benchmarking Study collection.

“The growing adoption of digital assets increasingly blurs the lines between roles, responsibilities and applicable rules, stretching the boundaries of long-term institutional arrangements,” Bryan Zhang, government director at CCAF mentioned in a press release. “The Cambridge Digital Assets Programme that we are launching today aims to meet the resulting need for greater clarity by providing data-driven insights through collaborative research involving public and private sector stakeholders.”

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Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for News in regards to the disruptive protocols rising at present.

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