Document(s): 

NGI Position Paper - Primavera De Filippi

Author(s): 

Primavera De Filippi

Year of publication: 

2016

Next Generation Internet Position Paper on Bitcoin, Blockchain and the future of interner by Primavera De Filippi.

Bitcoin is widely known as a decentralized payment system, which allows for the transfer of funds across borders at virtually no costs and without external control. As such, it can serve as a new backbone technology for depository institutions, increasing the speed and efficiency of inter-bank transfers and making it easier for banks to convert funds from one currency to another.