In an announcement a few days ago, Cambridge Judge Business School's Cambridge Center for Alternative Finance (CCAF) launched the Cambridge Digital Assets Program (CDAP).
CDAP has been described as a research initiative to elucidate the evolution of digital assets and value transfer systems.
Cambridge and Crypto
The institution has been at the forefront of cryptography for some time. The university is a crypto enthusiast, offering blockchain courses, but the students are equally enthusiastic too.
In 2018, undergraduates formed The Cambridge Blockchain Society to connect industry researchers and inventors.
Additionally, Cambridge is well known in the crypto space for its Cambridge Bitcoin electricity consumption index. Individuals have used the index across the crypto industry to measure Bitcoin mining power.
And with this initiative, the institution is taking another step in that direction. The announcement described the plans with this iterative program:
“Over an initial two-year period, CCAF will work with public and private organizations to create the empirical data, tools and insights needed to facilitate evidence-based public dialogue about the opportunities and risks presented by the growing digital asset ecosystem. "
Together with FMI and Visa, Accenture, Bank for International Settlements (BIS) Innovation Hub, Mastercard, World Bank, Fidelity, Goldman Sachs and others will collaborate on the research.
The program will focus on three workflows, the first of which will be on the ESG (environmental, social and governance) implications of cryptography.
Second, the research will focus on Distributed Financial Market Infrastructure (dFMI) processes and configurations.
And the third workflow has been described to be a focus on crypto "assets", i.e. cryptocurrencies (find out how buy Bitcoins and Ethereum), stablecoins (USDT, USDC), CBDCs (e-CNY, etc.), and more.
In line with the announcement, CCAF's Digital Assets Lead Michel Rauchs said:
"We believe this program will provide decision makers with the objective analysis and empirical evidence they need to navigate the digital asset maze."
The market these days
After the consistent rallies and crashes, the cryptocurrency market has reached a phase of ambiguity as no one can predict the next move. However, broader market cues point to a recovery rally that is starting right now.
But the rising volatility will keep everyone guessing. However, with Bitcoin now trading above $ 43k, crypto investors around the world are breathing a sigh of relief.