A Study on Governance for Decentralized Finance Systems Using Blockchain Technologies
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ACS Blockchain 2030
April 2019 Blockchain 2030 A Look at the Future of Blockchain in Australia Report prepared by Alexandra Bratanova, Dinesh Devaraj, Joanna Horton, Claire Naughtin, Ben Kloester, Kelly Trinh, Ingo Weber and David Dawson CITATION Bratanova, A., Devaraj, D., Horton, J., Naughtin, C., Kloester, B., Trinh, K., Weber, I., Dawson, D. (2019) Blockchain 2030: A Look at the Future of Blockchain in Australia. CSIRO Data61: Brisbane, Australia. ACKNOWLEDGEMENTS We are grateful for the many individuals who kindly offered their time, expertise and resources in this project. In particular, we thank the members of CSIRO’s Data61 who kindly provided blockchain use cases for this report. We also thank the individuals who participated in the stakeholder workshop and interviews conducted as part of this project, as well as to the reviewers of the report draft including ACS Blockchain Committee members. Special thanks to Neil Alexander, Kevin Brown, Karen Cohen, Katrina Donaghy, Vincent Gramoli, Robert Hanson, Davor Miskulin, Mick Motion- Wise and Mark Staples for their constructive feedback on the draft report. We also thank Burning Glass Technologies for their assistance in navigating the online job advertisement data. Finally, we are grateful to Melissa Johnston and Dmitry Bratanov from Queensland University of Technology for their help with the design and 3D printing of the scenario model. CURRENCY CONVERSION All dollar values indicate AUD figures unless specified otherwise. AUD figures were converted from other currencies wherever it was methodologically sound to do so. Past and present conversions were done using a yearly average exchange rate for the relevant year, whereas forecast value conversions were done using 2018’s average exchange rate since November 2017. -
Beauty Is Not in the Eye of the Beholder
Insight Consumer and Wealth Management Digital Assets: Beauty Is Not in the Eye of the Beholder Parsing the Beauty from the Beast. Investment Strategy Group | June 2021 Sharmin Mossavar-Rahmani Chief Investment Officer Investment Strategy Group Goldman Sachs The co-authors give special thanks to: Farshid Asl Managing Director Matheus Dibo Shahz Khatri Vice President Vice President Brett Nelson Managing Director Michael Murdoch Vice President Jakub Duda Shep Moore-Berg Harm Zebregs Vice President Vice President Vice President Shivani Gupta Analyst Oussama Fatri Yousra Zerouali Vice President Analyst ISG material represents the views of ISG in Consumer and Wealth Management (“CWM”) of GS. It is not financial research or a product of GS Global Investment Research (“GIR”) and may vary significantly from those expressed by individual portfolio management teams within CWM, or other groups at Goldman Sachs. 2021 INSIGHT Dear Clients, There has been enormous change in the world of cryptocurrencies and blockchain technology since we first wrote about it in 2017. The number of cryptocurrencies has increased from about 2,000, with a market capitalization of over $200 billion in late 2017, to over 8,000, with a market capitalization of about $1.6 trillion. For context, the market capitalization of global equities is about $110 trillion, that of the S&P 500 stocks is $35 trillion and that of US Treasuries is $22 trillion. Reported trading volume in cryptocurrencies, as represented by the two largest cryptocurrencies by market capitalization, has increased sixfold, from an estimated $6.8 billion per day in late 2017 to $48.6 billion per day in May 2021.1 This data is based on what is called “clean data” from Coin Metrics; the total reported trading volume is significantly higher, but much of it is artificially inflated.2,3 For context, trading volume on US equity exchanges doubled over the same period. -
Blockchain: a Journey To…..Where?
Debevoise In Depth Blockchain: A Journey to…..Where? May 17 2018 Bitcoin—Birth of Blockchain1 On October 31, 2008, Satoshi Nakamoto made an announcement on the Cryptography Mailing List at metzdowd.com that “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party” and posted a white paper on www.bitcoin.org.2 The same author mined the genesis block of 50 Bitcoins on January 3, 20093 and released the Bitcoin software as an open source code on January 9, 2009.4 All these took place rather unceremoniously. So started an obsession with blockchain. The blockchain technology that underpins Bitcoin solved the problem that had long vexed the digital currency world—the “double spend” problem. A digital currency is represented in a digital file, which can be duplicated or falsified. How can we prevent an owner of a unit of digital currency from spending the same unit more than once without validation by a trusteed third party?5 The Bitcoin blockchain solved that problem by having network participants validate each Bitcoin transaction and thus having the network reach consensus.6 The Bitcoin platform thus started a “trustless” ledger system. In less than a decade, the world has witnessed an increasing fascination with blockchain in many corners of society from the academia to corporate boardrooms to government offices and, occasionally but most importantly, to cartoons in newspapers.7 Despite government crackdowns in some countries, we are still seeing a conveyer belt 1 This is largely based on the script of a key note address given at the Accounting Meeting of the 33rd Annual General Meeting of the International Swaps and Derivatives Association on April 24, 2018. -
Strategies for Adopting DLT/ Blockchain Technologies in Arab Countries
Arab Regional Fintech Working Group Strategies for adopting DLT/ Blockchain Technologies in Arab Countries No. 167 2021 Arab Regional Fintech Working Group Strategies for adopting DLT/ Blockchain Technologies in Arab Countries Arab Monetary Fund August 2021 Acknowledgement This policy guide was produced under the mandate of the Arab Regional Fintech Working Group (WG). The WG promotes the exchange of knowledge and expertise, strengthening the capacity of the Arab regulators, as well as building a network of Arab and international experts from the public and private sectors to promote the fintech industry and foster innovation. The “Strategies for adopting DLT/ Blockchain Technologies in Arab Countries” paper was by the following team: Dr. Ahmed Mansour Egypt Post – Executive Secretary General Dr. Houssem eddine Bedoui Islamic Development Bank Group – Head, Strategy Management and Policy (SMP) Unit Mr. Ishan Pandey KARM Legal Consultants – Legal Researcher Dr. Nouran Youssef Arab Monetary Fund – Senior Financial Specialist Mr. Ratul Roshan KARM Legal Consultants – Associate & Regulatory Advisor The document has benefited from valuable review, insightful comments and suggestions provided by Ms. Caroline Malcolm from the Organisation for Economic Cooperation and Developmennt (OECD), Mr. Ahmed Faragallah and Mr. Raunak Mittal from the World Bank Group (WBG), and Ms. Khathryn White a Fellow with the World Economic Forum (WEF). Moreover, the authors extend appreciation to the Arab Central Banks members of the Arab Regional Fintech WG for their usefull comments. In addition, special thanks go to KARM legal Consultamts, member of the Arab Regional Fintech WG, for their contribution to this document. Any queries regarding this report should be addressed to: Nouran Youssef, Doctorate of Business Administration Senior Financial Sector Specialist, Arab Monetary Fund Financial Sector Development Division, Economic Department Corniche Street, P.O Box 2818, Abu Dhabi, United Arab Emirates Tel. -
(GDPR): a Delphi Study
PEER Reviewed RESEARCH OPEN ACCESS ISSN Online: 2516-3957 ISSN Print: 2516-3949 https://doi.org/10.31585/JBBA-1-1-(4)2018 Blockchain and Privacy Protection in Case of The European General Data Protection Regulation (GDPR): A Delphi Study Simon Schwerin Berlin School of Economics and Law, Germany Correspondence: [email protected] Received: 28 March 2018 Accepted: 30 March 2018 Published: 18 April 2018 Abstract The present work deals with the interrelationships of blockchain technology and the new European General Data Protection Regulation, that will be intact after May 28th, 2018. The regulation harmonizes personal data protection across the European Union and aims to return the ownership of personal data to the individual. This thesis, therefore, addresses the question how this new technology that is characterized by decentralization, immutability and truly digitized values will be affected by the strict privacy regulation and vice versa. The aim of this work is to clarify whether blockchains can comply with the new regulation on the one hand and to identify how blockchain could support its compliance, on the other hand. The questions are validated through an extensive literature review and are further investigated by using a Delphi study that asks a panel of 25 renowned experts to find opportunities, limitations and general suggestions about both topics. In addition, a framework is proposed to support the assessment of privacy and related risks of blockchains. As a result, it becomes apparent that blockchains can become more privacy friendly and comply with the regulation if an active dialogue between blockchain developers and regulatory authorities helps to strengthen their mutual understanding and work. -
Arcane Crypto to Be Included in Coinshares Elwood Global Blockchain Index
Arcane Crypto to be included in CoinShares Elwood Global Blockchain Index Stockholm, July 29, 2021 – Arcane Crypto today announces that the company will be included in CoinShares Elwood Global Blockchain Index as of August 2, 2021. The decision follows an assessment by CoinShare of Arcane Crypto’s activities against the Elwood Blockchain Global Equity Index’s criteria. The Elwood Blockchain Global Equity Index aims to offer exposure to listed companies that participate or have the potential to participate in the blockchain or cryptocurrency ecosystem. The index aims to capture the potential investment upside generated by earnings related to the adoption of blockchain technologies or cryptocurrency. The index is calculated and distributed by Solactive and is reviewed and rebalanced quarterly. The original announcent about Arcane’s inclusion together with companies like Sqaure Inc, Coinbase Global INC and Galaxy Digital Holdings LTD was published on July 26, 2021 at Solactive’s website: link For further information, please contact: Torbjørn Bull Jenssen, CEO, Arcane Crypto AB E-mail: [email protected] About Arcane Crypto Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research division. Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation. Subscribe to press releases and financial information: https://investor.arcanecrypto.se/ For more information, please visit: https://www.arcane.no/ The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. -
Secure Identity Management on the Blockchain
Eötvös Loránd University Faculty of Informatics SECURE IDENTITY MANAGEMENT ON THE BLOCKCHAIN Adám Nágy Kwadjo Anobaah Nyante Assistant Professor at ELTE Msc. Security & Privacy Advanced Cryptography Andreas Peter Assistant Professor / Study Coordi- nator – Cyber Security & Safety at University Of Twente Zoltán Hattyasy Senior PM & Architect Mission Critical Systems at E-GROUP Budapest, 2018. Summary One major topical issue that has generated a lot of controversy in the cyber security land- scape is Secure Identity Management. So serious is this issue that many educationists and academicians have expressed varying concerns, proposals, and solutions about the subject. Traditional Identity Management solutions delegate trusted centralized organizations / multiple centralized agencies (service providers) and task them with securely storing the private data of users and providing these users with identity tokens such as ID cards, cer- tificates, login credentials, hardware, and passports. With these identity tokens, users can uniquely access resources and services from the respective service providers. This approach has resulted in four main classes of problems namely: Individual user problems, Infor- mation Sharing problems, Governmental information coordination problems, and Privacy problems. These problems are particular conspicuous in the banking sector when it comes to Know- Your-Customer Processes (KYC). It is expensive and time consuming to do the necessary background checks on customers and their transactions for compliance agencies. At the same time, these background checks have create severe privacy issues that need to be ad- dressed. In this research, Distributed Ledger Technologies (blockchain) are used to solve these major problems. A hybrid solution is proposed, which is a combination of: 1. A blockchain Gateway Solution, which supports legal compliance and traditional Identity Management features that require strong authentication. -
Protection of Personal Data in Blockchain Technology
Protection of Personal Data in Blockchain Technology An investigation on the compatibility of the General Data Protection Regulation and the public blockchain Amelia Wallace Department of Law Master’s Thesis, 30 HE credits Area: Law and Informatics Master’s Program in Law (270 HE) Autumn term 2018 Group mentor: Johan Axhamn Swedish title: Personuppgiftsskyddet i Blockkedjeteknik – En utredning om förenligheten av dataskyddsförordningen och den publika blockkedjan Abstract On 25 May 2018 the General Data Protection Regulation, GDPR, came into force in the EU. The regulation strengthened the rights of the data subjects’ in relation to the data controllers and processors and gave them more control over their personal data. The recitals of the GDPR state that it was the rapid development in technology and globalisation that brought new challenges for the protection of personal data. Private companies and public authorities where making use of personal data on an unprecedented scale in order to pursue their own activities. The protection should be technologically neutral and not dependant on the technique used. This leads to questions on whether the protection that is offered through the GDPR is de facto applicable on all technologies. One particular technology which has caught interest of both private companies and public authorities is the blockchain. The public distributed blockchain is completely decentralized, meaning it is the users who decide the rules and its content. There are no intermediaries in power and the transactions of value or other information is sent peer to peer. By using asymmetric cryptography and advanced hash algorithms the transactions sent in the blockchain are secured. -
Curaçao Digital Asset Holdings B.V. (A Private Limited Liability Company Incorporated Under the Laws of Curaçao)
DATED October 3, 2017 INVESTMENT IN THE SHARES IS NOT AVAILABLE TO UNITED STATES RESIDENTS OR TO RESIDENTS OF ANY OTHER COUNTRY IN WHICH THIS OFFERING DOES NOT COMPLY WITH AN EXEMPTION FROM APPLICBALE REGISTRATION REQUIREMENTS. PROSPECTUS FOR Curaçao Digital Asset Holdings B.V. (a private limited liability company incorporated under the laws of Curaçao) Issue of non-voting profit sharing Class A Shares (“Shares”) in the capital of Curaçao Digital Asset Holdings B.V. (the “Company”) in one or more blocks of 100,000 Shares IMPORTANT NOTICES Potential investors should review this Prospectus and its ancillary documents carefully and consult their legal and financial advisers to ascertain possible legal, financial, tax or other issues related to the acquisition, holding, transfer or redemption of Shares. POTENTIAL INVESTORS SHOULD ALSO TAKE INTO CONSIDERATION THAT CRYPTOCURRENCIES ARE NOT REGULATED BY ANY CENTRAL BANKS OR GOVERNMENT REGULATORS IN ANY JURISDICTION. AS SUCH, AN INVESTMENT IN CRYPTOCURRENCY OR CRYPTOCURRENCY-RELATED ASSETS CARRIES INCREASED RISK AS COMPARED TO REGULATED ASSETS. 1 The Central Bank of Curaçao and Sint Maarten, in line with its Policy Guidelines on Exemption Regulation for Investment Institutions, has granted Curaçao Digital Assets Holdings B.V. an exemption from the prohibition contained in article 3, paragraph 1 of the National Ordinance on the Supervision of Investment Institutions and Administrators (N.G. 2002, no. [137]). Consequently, Curaçao Digital Assets Holdings B.V. is not subject to supervision exercised by the Central Bank of Curaçao and Sint Maarten. Further information concerning this exemption may be obtained at Curaçao Digital Assets Holdings B.V. The contents of this Prospectus are not to be construed as an invitation to invest or as investment, legal or tax advice. -
Is Blockchain a Protocol
Is Blockchain A Protocol Shlomo is boned: she biking invariably and atomising her timbre. Amphipod and rural Tailor retrofits her sextiles connectedly?accessorizes while Bealle regives some arris noticeably. Is Saxon unmounted when Raleigh bituminises We got the first issued by fda studies where he started by consensus mechanisms for various tech is blockchain protocol, hyperledger fabric network participants revoked their respective armies in. Credits Blockchain protocol & Payment system LinkedIn. The proposed implementation is considered a block changes that these are not be using. The blockchain is done without registering power is. While allowing anyone has scalability problems it are given that. In such a worry that became permanent and unalterable. Megan was born in Poland but from nine young boy always sought to either her horizons to being more cosmopolitan way in life. Corda, and also allows users to dream on its handy a evaluate of assets, on the blockchain. Learn more account, is blockchain a protocol must be considered that. How much in. With blockchain is protocol sets, a scoping review cryptocurrencies have. Enterprise ethereum network and the is blockchain a protocol is difficult challenges through untraceable missing informations if cryptocurrency. So that has a single copy digital currencies or other words, protected from greater part, it is sent from their ongoing lack intrinsic value. The ledger that this process optimization between peers supporting data validation, particularly valuablefrom a block to create. Cross-blockchain protocol for public registries Emerald Insight. Blockchain Global Innovation leader, whose power consumption become. What luxury a protocol in Cryptocurrency? You can deliver threshold is how close to it edge ad should come master it is loaded. -
The National Blockchain Roadmap. Progressing Towards a Blockchain
THE NATIONAL BLOCKCHAIN ROADMAP: Progressing towards a blockchain-empowered future. INDUSTRY.GOV.AU/BLOCKCHAIN ACKNOWLEDGEMENTS The Department of Industry, Science, Energy and Resources (DISER) would like to acknowledge the assistance and guidance provided by the National Blockchain Roadmap Advisory Committee, comprising: • Ms Louise Talbot, General Manager, Digital Economy and Technology Division, Department of Industry, Science, Energy and Resources (DISER) (Chair) • Mr Nick Giurietto, CEO and Managing Director, Blockchain Australia (Deputy Chair) • Dr Mark Staples, Senior Research Scientist, CSIRO’s Data 61 • Ms Katie Ford, Head of Government Business, CSIRO’s Data61 • Professor Jason Potts, Economics, Finance and Marketing, RMIT University (RMIT) • Dr Chris Berg, Senior Research Fellow, Economics, Finance and Marketing, RMIT • Ms Leanne Kemp, Founder and CEO, Everledger • Ms Adriana Belotti, Head of Marketing and Community, Prismatik. DISER would also like to thank staff at Austrade, the Department of Agriculture and RMIT who developed the Sectoral Showcases in partnership with us. And a special thankyou to the blockchain sectoral community of Australia, who generously gave their time to engage and provide feedback on the Roadmap. 2 NATIONAL BLOCKCHAIN ROADMAP THE NATIONAL BLOCKCHAIN ROADMAP: Progressing towards a blockchain-empowered future. NATIONAL BLOCKCHAIN ROADMAP 3 Contents Foreword 5 Executive summary 6 Context and opportunity 8 What is blockchain? 8 The blockchain opportunity for Australia 8 The blockchain landscape in Australia -
BAKSHI-THESIS-2018.Pdf
c 2018 Surya Bakshi PRIVACY PRESERVING OUTSOURCING OF STATE CHANNEL ARBITRATION IN MICRORAIDEN BY SURYA BAKSHI THESIS Submitted in partial fulfillment of the requirements for the degree of Master of Science in Electrical and Computer Engineering in the Graduate College of the University of Illinois at Urbana-Champaign, 2018 Urbana, Illinois Adviser: Assistant Professor Andrew Miller ABSTRACT Decentralized blockchain-based cryptocurrencies like Ethereum and Bitcoin offer a new way to hold and transact money. However, storage requirements for every node and difficulty in transaction confirmation make them difficult to match traditional payment processors. A proposed solution to scalability is the use of payment channels that allow mutually distrustful parties to create and authorize payments between one another off-line. Not only does this allow payments to be processed quickly, but it also reduces transaction volume in the underlying blockchain. An unsolved problem with off-chain payment channels is that participants in the channel must be on-line and alert to channel events all the time. If any participant in the channel goes off-line for any reason (power outage, process crashes, cost too high) that party stands to lose money if other parties attempt to reverse payments. In an ideal world, a solution would involve a third party that can process payments on behalf of each party, but it requires trust establishment. In this work, we present a protocol that solves the monitoring problem called Pisa. Pisa allows channel participants to appoint distrusted third par- ties to watch their channel and handle finalization on their behalf without revealing any linkable state information.