UN Working Paper Explores How the Blockchain Can Empower Global Communities
More and more high profile financial and political institutions are taking notice of the blockchain technology of distributed ledgers, starting internal investigations and issuing position papers. In January, Bitcoin Magazine reported that the International Monetary Fund (IMF) released a paper titled “Virtual Currencies and Beyond: Initial....
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The blockchain could dramatically change corporate governance by reducing legal insider trading and making shareholder voting more reliable, according to a new report published by the National Bureau of Economic Research (NBER). Authored by New York University (NYU) professor David Yermack, the second working paper by the US non-profit explores how the widespread adoption of distributed ledgers could impact investors, shareholders, auditors and other participants in corporate governance. Citing recent proofs-of-concept at major stock exchanges, the NBER paper explores a future where....
Italian bank UniCredit has published a white paper that explores how banks could offer blockchain-based services for use cases in interbank payments and the post-trade process. The paper, published in late February, offers a general overview of digital currencies and the underlying technology, which it notes “has the potential of reshaping the current financial services technical infrastructure”. Written by UniCredit staffers Matteo Biella and Vittorio Zinetti, the release comes months after the bank joined the R3 blockchain consortium. One potential application, the bank writes, is that....
The need to regulate global stablecoins like Libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.
A new white paper from Allied Control, a technology cooling solutions provider, surveys the current large-scale bitcoin mining ecosystem and explores the implications of current and future cooling technologies. According to author Alex Kampl, Allied's vice president of engineering, there are significant deficiencies in how mining hardware is manufactured and deployed worldwide. As a result, investors already involved risk losing money and new ones may be dissuaded from taking part at all. He told CoinDesk: "I believe a lot of money is lost with unreliable mining hardware manufacturers -....
Chinese Government has announced the creation of a Blockchain Working Group to develop and implement distributed ledger technology in the country. The Chinese government, in an attempt to keep up with the rapidly changing tech scenario, has announced the creation of a Blockchain Working Group. Through this working group, the Dragon state intends to forge strategic alliances with digital currency technology related businesses to accelerate the development and implementation of blockchain technology. The creation of Chinese Blockchain Working Group coincides with the preparation for upcoming....