Institute Of Decentralized Economics Opens In London
An analytical center aimed at studying the new digital economy started its work in the capital of Great Britain, Cointelegraph reports.
The Institute of Decentralized Economics (IDE) will explore economic systems based on blockchain and their impact on traditional finances. Also, it will assess the capability of decentralized technologies and look for practical use cases of distributed ledger.
The goal of the institution is to help various companies and organizations better understand the economy that is developing within the blockchain industry. Moreover, the institute will pay attention to stablecoins — how they are designed and how promising are the tokens tied to fiat money.
Besides, the new center will analyze how the government regulation and cryptocurrency economy interact. The report does not indicate, on which countries the IDE will focus and in what form its research results will be published.
It is noted that the center emerged with the support of a fintech firm Sweetbridge. It will assist the IDE specialists and cooperate with the players of the blockchain industry, entrepreneurs, corporation representatives, and government officials.
In January, one of the districts of Washington announced its intention to create a center for the study and development of blockchain. Local authorities believe that decentralized technologies will facilitate the crypto economy, and therefore allocated $50,000 from the budget to open the center. It is noteworthy that mining companies have long been operating in the state, utilizing cheap electricity from the districts.
Earlier, an educational blockchain center opened in New York.