Wednesday, August 17, 2022

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

Must Read


On Tuesday, Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School announced a new research initiative focused on the “growing digital asset ecosystem.” According to CCAF, the newly launched collaborative effort involves 16 financial institutions such as the Bank for International Settlements (BIS), Accenture, EY, Goldman Sachs, and more.

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

Since 2015, the organization CCAF has been dedicated to the study of technology-enabled and innovative instruments such as cryptocurrencies. To date, CCAF has published over 40 industry and regulatory reports that cover the growing crypto ecosystem. Additionally, CCAF is known for publishing the Cambridge Bitcoin Electricity Consumption Index (CBECI) and CBECI bitcoin mining map. This week, CCAF has revealed a new research initiative called Cambridge Digital Assets Programme (CDAP), which will be dedicated to the cryptocurrency landscape and will involve an initial two years of research.

“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 adds:

Over an initial period of two years, CCAF will work with public and private organisations to create the empirical data, tools, and insights necessary to facilitate an evidence-based public dialogue about the opportunities and risks presented by the growing digital asset ecosystem.

16 Prominent Financial Institutions Join the CDAP Initiative

CDAP’s collaborative partner list includes 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 existing tools like the CBECI tool and the organization’s Global Crypto Asset Benchmarking Study series.

“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, executive director at CCAF said in a statement. “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.”

Tags in this story
Accenture, Bank for International Settlements, BIS, Bitcoin Mining Map, Bryan Zhang, Cambridge Bitcoin Electricity Consumption Index, Cambridge Digital Assets Programme, CBECI tool, CCAF, CDAP, Crypto Asset Benchmarking Study, Crypto Research, DIFC, digital asset study, Digital Assets, EY, fidelity, Goldman Sachs, IDB, IMF, Invesco, LSEG, MasterCard, Research, Research Group, VISA, World Bank

What do you think about the newly launched CCAF initiative Cambridge Digital Assets Programme (CDAP)? Let us know what you think about this subject in the comments section below.

2Khomers
Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
Latest News

People say they want COVID-19 to become ‘endemic.’ But what does that really mean? | CBC News

As Canadians grow increasingly weary after two years of COVID-19, many people are tossing around the term "endemic"...
spot_img

More Articles Like This

spot_img