Bitcoin, a digital currency, has captivated both courtesy and controversy. But a many manly creation is not a banking itself. Rather, it’s a record that undergirds bitcoin, a distributed-ledger record famous as a blockchain that allows payments to upsurge by an economy in an wholly decentralized way—without banks or other intermediaries. This tot record could change a financial system; consider a Internet before browsers. It could revoke a cost and boost in a speed and correctness of financial transactions; it could truly interrupt a banking business. Or it could fizzle. But already it is lifting a horde of process questions – about financial stability, consumer protection, choking off terrorists’ finances, and tensions between determined and pretender financial institutions and between regulatory agencies.
On Jan 14, a Hutchins Center on Fiscal and Monetary Policy during Brookings will try a destiny of distributed bill technology, profitable special courtesy to a innovation’s impact on financial services and policymaking. Hutchins Center executive David Wessel will assemble heading attention and process experts for a row discussion. After a session, panelists will take assembly questions.
You can join a review and twitter questions for a panelists during #BeyondBitcoin.
Earlier in a day, Brookings will assemble roundtable technical discussions about