Submission to the House of Commons Treasury Committee - Digital Currencies Inquiry

43 Pages Posted: 4 Aug 2020

See all articles by Izabella Kaminska

Izabella Kaminska

affiliation not provided to SSRN

Martin Walker

Center for Evidence-Based Management

Date Written: April 12, 2018

Abstract

In 2018 the House of Commons Treasury Committee launched an inquiry into role of digital currencies in the UK, including the opportunities and risks that digital currencies may bring to consumers, businesses, and the Government. It also examined the potential impact of distributed ledger technology — such as block-chain — on financial institutions, including the central bank, and financial infrastructure.

This paper was a joint a response from Martin Walker (Center for Evidence Based Management) and Izabella Kaminska (Financial Times) was a response to the inquiries request for information and analysis on the topic. The paper discusses the definitions of the term “Digital Currrencies”, the role of cryptocurrencies in the UK and explains the potential and the risks of more widespread adoption. It also provides an overview of Distributed ledger technology, its history, technical characteristics and potential applications in modern banking.

Keywords: bitcoin, block-chain, smart contract, economics

Suggested Citation

Kaminska, Izabella and Walker, Martin, Submission to the House of Commons Treasury Committee - Digital Currencies Inquiry (April 12, 2018). Available at SSRN: https://ssrn.com/abstract=3412228 or http://dx.doi.org/10.2139/ssrn.3412228

Izabella Kaminska

affiliation not provided to SSRN

Martin Walker (Contact Author)

Center for Evidence-Based Management ( email )

HOME PAGE: http://www.cebma.org

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