The University of Cambridge is launching a new project aimed towards cryptocurrency research in collaboration with some of the world’s top banking institutions and private enterprises.
The Cambridge Center for Alternative Finance, or CCAF, stated on Monday that it has established a research effort aimed at providing further insights into the fast increasing digital asset business.
The Cambridge Digital Assets Programme, or CDAP, is a public-private partnership involving 16 organizations, including the Bank for International Settlements Innovation Hub and the International Monetary Fund. Banks like Goldman Sachs, financial behemoths like Mastercard and Visa. Then, and big exchange-traded fund providers like Invesco are also part of the program.
British International Investment, Dubai International Financial Center, Ernst & Young, Fidelity, the Foreign, Commonwealth and Development Office of the United Kingdom. Then, Inter-American Development Bank, London Stock Exchange Group, MSCI, and the World Bank are among the other participants.
The CDAP’s main goal is to promote evidence-based public discussion about the benefits and hazards of cryptocurrency adoption. The program will focus on three primary areas: the environmental consequences of crypto, infrastructure, and digital assets. That’s, such as stablecoins, central bank digital currencies, and cryptocurrencies.
The program builds on the CCAF’s previous work in the crypto business, including the creation of the Cambridge Bitcoin Electricity Consumption Index, or CBECI, according to the statement.
The CBECI is a frequently used indicator that shows the global distribution of Bitcoin (BTC) mining hash rates by country.
The Global Cryptoasset Benchmarking Study series, aiming to address ecosystem trends. Then, inform regulation and policy discussion, and others, is another CCAF crypto research initiative.
According to Michel Rauchs, the CCAF’s digital assets lead, the CDAP will equip decision-makers with objective analysis. Then, and empirical facts to help them navigate the digital assets business.
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