Cambridge Center for Alternative Finance Launches Digital Assets Research Project With 16 Banks – Bitcoin News - Daily Bitcoin news

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


On Tuesday, Cambridge Center 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 the Cambridge Digital Assets Program (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 Program (CDAP), a research initiative in collaboration with 16 leading banks, public sector agencies, and private organizations to shed light on the rapid digitization 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 organizations 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 Center (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 is increasingly blurring 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 Program 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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What do you think about the newly launched CCAF initiative Cambridge Digital Assets Program (CDAP)? Let us know what you think about this subject in the comments section below.

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 today emerging.




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