While the world has covered a lot of ground with crypto, there is a need for more comprehensive research. Recently, Cambridge University has launched a crypto research project, in collaboration with top banking institutions of the world.
The Cambridge Center for Alternative Finance (CCAF) has launched this research initiative for more insights into the crypto industry. It’s no secret that the industry has seen some stellar growth, both in terms of adoption and progression of its technology.
Dubbed the Cambridge Digital Asset Programme (CDAP), the project comprises 16 companies. This is in collaboration with public institutions such as Bank for International Settlements Innovation Hub and the IMF. Also, the project includes top financial institutions such as Goldman Sachs, Mastercard, VISA, and Invesco.
Moreover, the project also consists of British International Investment, Dubai International Financial Center, Ernst & Young, Fidelity, the United Kingdom’s Foreign, Commonwealth, and Development Office, Inter-American Development Bank, London Stock Exchange Group, MSCI, and the World Bank.
CDAP aims to enable evidence-based public dialogue about risks and opportunities associated with crypto. It’ll also focus on three main areas: crypto’s environmental implications, infrastructure, and digital assets such as CBDCs.
According to the announcement, the program will develop up on CCAF’s existing work in the crypto industry. This includes the development of the Cambridge Bitcoin Electricity Consumption Index (CBECI).
For those who don’t know, CBECI provides global Bitcoin mining hash rate distribution percentages among countries.
CCAF’s crypto research will also involve the development of the Global Cryptoasset Benchmarking Study series. This will address the ecosystem, inform regulation and policy discussion.
Finally, CDAP will provide decision-makers with some objective analysis and evidence for navigating the digital assets industry.