Digital trade coin: towards a more stable digital currency

We study the evolution of ideas related to creation of asset-backed currencies over the last 200 years and argue that recent developments related to distributed ledger technologies and blockchains give asset-backed currencies a new lease of life. We propose a practical mechanism combining novel tech...

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Detalles Bibliográficos
Autores principales: Lipton, Alex, Hardjono, Thomas, Pentland, Alex
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Royal Society Publishing 2018
Materias:
Computer Science
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6083709/
https://www.ncbi.nlm.nih.gov/pubmed/30109071
http://dx.doi.org/10.1098/rsos.180155
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author Lipton, Alex
Hardjono, Thomas
Pentland, Alex
author_facet Lipton, Alex
Hardjono, Thomas
Pentland, Alex
author_sort Lipton, Alex
collection PubMed
description We study the evolution of ideas related to creation of asset-backed currencies over the last 200 years and argue that recent developments related to distributed ledger technologies and blockchains give asset-backed currencies a new lease of life. We propose a practical mechanism combining novel technological breakthroughs with well-established hedging techniques for building an asset-backed transactional oriented cryptocurrency, which we call the digital trade coin (DTC). We show that in its mature state, the DTC can serve as a much-needed counterpoint to fiat reserve currencies of today.
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spelling pubmed-60837092018-08-14 Digital trade coin: towards a more stable digital currency Lipton, Alex Hardjono, Thomas Pentland, Alex R Soc Open Sci Computer Science We study the evolution of ideas related to creation of asset-backed currencies over the last 200 years and argue that recent developments related to distributed ledger technologies and blockchains give asset-backed currencies a new lease of life. We propose a practical mechanism combining novel technological breakthroughs with well-established hedging techniques for building an asset-backed transactional oriented cryptocurrency, which we call the digital trade coin (DTC). We show that in its mature state, the DTC can serve as a much-needed counterpoint to fiat reserve currencies of today. The Royal Society Publishing 2018-07-18 /pmc/articles/PMC6083709/ /pubmed/30109071 http://dx.doi.org/10.1098/rsos.180155 Text en © 2018 The Authors. http://creativecommons.org/licenses/by/4.0/ Published by the Royal Society under the terms of the Creative Commons Attribution License http://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, provided the original author and source are credited.
spellingShingle Computer Science
Lipton, Alex
Hardjono, Thomas
Pentland, Alex
Digital trade coin: towards a more stable digital currency
title Digital trade coin: towards a more stable digital currency
title_full Digital trade coin: towards a more stable digital currency
title_fullStr Digital trade coin: towards a more stable digital currency
title_full_unstemmed Digital trade coin: towards a more stable digital currency
title_short Digital trade coin: towards a more stable digital currency
title_sort digital trade coin: towards a more stable digital currency
topic Computer Science
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6083709/
https://www.ncbi.nlm.nih.gov/pubmed/30109071
http://dx.doi.org/10.1098/rsos.180155
work_keys_str_mv AT liptonalex digitaltradecointowardsamorestabledigitalcurrency
AT hardjonothomas digitaltradecointowardsamorestabledigitalcurrency
AT pentlandalex digitaltradecointowardsamorestabledigitalcurrency

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