Apr 30, 2018 - This research surveys the global landscape of regulatory frameworks, statements, and decisions, on blockchain-based token sales in the jurisdictions of the United States, Canada, Singapore, China, France, Germany, Italy, Estonia, Switzerland, and Gibraltar, with commentary on Malaysia, South Korea, Israel, Russia, Australia, New Zealand, and the United Arab Emirates. Its expert authors look at initial coin offerings and compare how different regulators are categorizing token sales in their attempts to balance the protection of investors with the stimulus of innovat...

Feb 09, 2021 - This research project surveys what federal governments can do to exploit the next era of technology across their operations, within their economies and society, and with their allies and global partners. It focuses on the threats and opportunities facing the United States—including China’s increasing dominance in global supply chains and strategic innovation. It also speaks to challenges the new administration faces, and recommends five areas for immediate action: securing digital systems, citizen identities, and personal data; embracing cryptocurrencies and launching a digital dollar; transforming government services and culture; engagin...

Jun 28, 2021 - This project reports on the state of the enterprise blockchain space. It begins with commentary on the state of the world writ large—from the pandemic’s effects on the economy and the global need for vaccinations to the K-shaped recovery and the consequences of helicopter money (e.g., inflation). It covers a series of developments relevant to enterprise users: the price volatility of cryptocurrencies, the shortcomings of consensus mechanisms for enterprise needs, the growth of stablecoins, the status of tokenless blockchains and blockchain-as-a-service offerings, and the latest on central bank digital currencies (e.g., China’s digital c...

May 25, 2018 - The utility settlement coin (USC) consortium plans to develop what we believe banks will welcome. This case study describes how the USC, launched by UBS and Clearmatics, will use decentralized blockchain technology to confirm financial agreements that are verifiable without the wastefulness of proof of work. Financial institutions could conduct business more safely because of real-time settlement, smart contracts, and enhanced risk management procedures using this new digital version of fiat currencies.

Aug 30, 2019 - This project explores a type of cryptoasset, the non-fungible token (NFT), or what we call the crypto collectible. It explains the concept of the NFT and illustrates how it works through the best-known NFTs, CryptoKitties, a phenomenon of an asset within the Ethereum-based CryptoKitties game. It revealed how businesses might create and use digitally unique and scarce assets beyond cryptocurrencies in their business models. The project also covers the online gaming market—both packaged software and downloadable content—and describes how companies might tokenize their intangible and physical assets.

Jan 29, 2018 - This research paper explains how distributed ledgers will serve as open platforms for the fourth industrial revolution, enabling the integration of additive manufacturing, augmented reality, artificial intelligence, the Internet of Things, and big data analytics across supply chains, from design and sourcing to delivery and usage. It illustrates the concepts of smart products, smart factories, digital end-to-end engineering, and mass customization through use cases.