Think Tank: Blockchain Could be 'Economic Layer' for the Web
The Institute for Ethics and Emerging Technologies (IEET) has published a brief article advocating the use of blockchain technology. In the article, the IEET describes the blockchain as next-generation information technology with many potential upsides in a number of fields beyond digital currencies. The IEET made a clear distinction between 'bitcoin 1.0' (currency) and other emerging technologies, classified as 'bitcoin 2.0' (contracts) and 'bitcoin 3.0' (beyond currency and finance) applications of blockchain technology. More than just a currency. IEET affiliate scholar Melanie Swan said....
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Scotland should create its own digital currency, named 'ScotPound', an independent economic think tank has advised. The New Economics Foundation has produced a report that suggests introducing such a currency would have numerous social and economic benefits. A post by the foundation claims: "Scotland is perfectly placed to create a new digital currency and payment system. Such a scheme could stimulate local economies, create a level playing field for small businesses, and support social justice for all its citizens." The report proposes each Scottish citizen be given a 250 ScotPound....
Japanense think tank Nomura Research Institute (NRI) has announced it will study blockchain technology to assess its use in the securities sector. Founded in 1965, the organisation is Japan's oldest private think tank, offering consulting services and provides IT solutions for various industries, including finance. The study, due for completion in January, will inform "opportunities for practical application," the NRI recently announced... A company spokesperson told CoinDesk: "We have done work on blockchain technology before this project, but it was internal. This is our first time to....
A leading Japan-based think tank is considering ways it could build on its existing exploration of blockchain technology. First announced in late 2015, Nomura Research Institute (NRI), an affiliate of Nomura Holdings, is already working on private proof-of-concepts (P0Cs) with Nomura Securities and SBI Sumishin Net Bank (SBI Sumishin). The Tokyo-based firm is exploring the technology’s use cases in Japan, a region where there have been relatively few blockchain industry developments. In a new interview with CoinDesk, Kazumitsu Yokokawa, head of the financial services research and....
Analysts at the Rand Corporation say crypto as part of the bilateral digital trade could lay the groundwork for cryptocurrency adoption in international trade. Sale Lilly and Scott W. Harold of the American policy think tank Rand Corporation have called on the United States and Japan to include crypto in the bilateral digital trade agreement between the two nations.In an opinion piece published in the Nikkei Asia on Wednesday, Rand Corporation analysts put forward arguments supporting their clamor for crypto to be a part of the digital trade deal.According to the article, the fact that....
While layer-2 protocols have been focused on “scalability,” layer-3 protocols would serve a much different purpose, says Ethereum co-founder Vitalik Buterin. While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” Buterin shared his thoughts in a Saturday post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said a third layer on the blockchain makes sense only if it provides a....