Cryptocurrencies, such as Bitcoin and their associated blockchains, are often referred to as distributed ledger technology (DLT) and are a rapidly growing industry. These innovative technologies not only affect currencies and payment systems, but also supply chains, business models and centralised control by governments or large corporations.
The Centre for Digital Economy (CoDE), located within the Surrey Business School, is taking a leading role in this emerging area of research. Senior Research Fellow, Phil Godsiff, has directly fed intoand authored a chapter as part of a major government report by the UK Government Chief Scientific Adviser entitled Distributed Ledger Technology: Beyond Block Chain. Proposing considerations for government, Dr Godsiff has informed policy debates on the future role and application of distributed ledger technology within society.
The Centre has also led workshops for practitioners, policymakers and academics as part of RCUK’s New Economic Models in the Digital Economy (NEMODE) Network to learn about and share ideas on the impact that blockchain will have on government, financial services and broader business.
CoDE continues to build its research in this area with a project led by Professor Roger Maull on cryptocurrency and digital transformations. It aims to inform various policy, government and industry stakeholders, as well as developing a methodology and guide for companies who are incorporating cryptocurrencies and blockchain technologies into their products and services.
For more information, read the Government report on Distributed Ledger Technologies or Phil Godsiff’s article on the blockchain revolution.