Washington policy think tank, the Brookings Instituion, is holding a seminar titled “Beyond bitcoin: The future of blockchain and disruptive financial technologies” this week in Washington, DC.
On January 14th, the Hutchins Center on Fiscal and Monetary Policy at Brookings will explore the future of distributed ledger technology, focusing on the innovation’s impact on financial services and policymaking. According to the center, its director, David Wessel, will convene leading industry and policy experts for a panel discussion.
An announcement from Brookings described the technology in this way:
Bitcoin, the digital currency, has attracted both attention and controversy. But the most potent innovation is not the currency itself. Rather, it’s the technology that undergirds bitcoin, the distributed-ledger technology known as the blockchain that allows payments to flow through an economy in an entirely decentralized way—without banks or other intermediaries. This infant technology could change the financial system; think the Internet before browsers. It could reduce the cost and increase in the speed and accuracy of financial transactions; it could truly disrupt the banking business. Or it could fizzle. But already it is raising a host of policy questions – about financial stability, consumer protection, choking off terrorists’ finances, and tensions between established and upstart financial institutions and between regulatory agencies.
Panelists will apparently include Barry Silbert, famed blockchain tech investor and Founder of Digital Currency Group; Michael Barr, a financial services legal specialist, former presidential advisor and a law professor at the University of Michigan Law School; and Brad Peterson, Executive Vice President and Chief Information Officer (CIO) of NASDAQ.
Brookings will, earlier in the day, convene roundtable technical discussions about blockchain technology with industry and policy stakeholders.