Wednesday, October 5, 2022

Cambridge Launches its Digital Assets Program With Mastercard, Others

The Alternative Finance Centre, an offshoot of the University of Cambridge in alliance with 15 other leading innovators including Mastercard has inaugurated an analysis program named Cambridge Digital Assets Programme (CDAP). Based on the announcement made, the study is aimed at illuminating the improvement of the digital transition of assets and the transfer of value.

Since its inception in 2015, the Cambridge Center for Alternative Finance (CCAF) has studied alternative finance and financial systems. The center is involved in global analysis around the traditional monetary networks and other emerging policies.  

The finance hub is looking to work with stakeholders in both the private and public sectors to reduce the risk associated with crypto investments and the blockchain ecosystem for users. The center has done previous works on digital assets including the creation of virtual tools like the Cambridge Bitcoin Electricity Consumption Index (CBECI) which it is currently utilizing in this program.

The research has been simplified to three workstreams to affect parochial areas. One of the workstreams is directed towards the implication on the environment, specifically environmental, social, and governance (ESG) on digital assets and blockchain technology.

The next stream is focused on the Distributed Financial Market Infrastructure (dFMI) processes and the sequence of all its network and service provided. The last work stream’s emphasis will be on the investment (assets) in the crypto space encompassing digital currencies, stablecoins, Central Bank Digital Currency (CBDC), and tokens whether fungible or Non-Fungible Tokens (NFTs).

CDAP Members’ Stance on Russia-Ukrainian War

While the newly formed CDAP has not issued an opinion on the ongoing Russia-Ukrainian war, its members are.

While Mastercard alongside other leading organizations is collaborating with Cambridge, the payment network has terminated its financial connections with Russia. After attempting to convince President Vladimir Putin to put an end to the escalating war, Mastercard has finally resulted in financial warfare.

Beyond CDAP members, some other industries have also placed an embargo on the services they provide to Russia. Shell has withdrawn its investment from all the nation’s oil and gas companies. Russian flights have also been impeded by the European Union.

Victoria Nye
A Blockchain columnist who is enthusiastic about developing a network interface between the real world and the cryptosphere.

Related Articles

Stay Connected

0FansLike
0FollowersFollow
2,043FollowersFollow

Latest Articles

%d bloggers like this: