The Bretton Woods 2015 White Paper lists the goals, opportunities and threats faced by Bitcoin industry. It also offers certain recommendations which could help build a harmonious relationship between the Bitcoin industry and regulators.
The North American Bitcoin Conference held on 21 and 22 January in Miami saw the release of Bretton Woods 2015 White Paper.
The report, a comprehensive study on the history, currency status and future of Bitcoin and Blockchain technology was released by Joe Colangelo, the Executive Director of Consumer’s Research – the organization that commissioned this study.
Bretton Woods 2015 White Paper, named after the Mount Washington Resort in Bretton Woods, which has a historical significance for being the place where the future course for US Dollar was set in 1945. The report was created with noble intentions, to offer information about the opportunities provided by Bitcoin and blockchain technology, the roadblocks faced by the industry and to offer a brief insight into how the bitcoin industry currently views the digital currency and its underlying technology.
The report closely follows the evolution of Bitcoin from Bitcoin 1.0 till Bitcoin 3.0 with Bitcoin 1.0 being the core intended features of Bitcoin technology used for facilitating and executing transactions and mining.
Bitcoin 2.0 is the application of Bitcoin tech for other FinTech applications involving financial institutions, financial instruments and smart contracts. Bitcoin 3.0 includes emerging applications in sectors other than banking and FinTech. Bitcoin 3.0 includes use of blockchain technology for record management, intellectual and physical property rights management, education, governance etc. In addition, the Bretton Woods 2015 White Paper also covers various aspects relevant to the overall development of all the three versions. Some of the topics include status of development, funding, regulations which have direct influence on the implementation.
The Bretton Woods 2015 White Paper on Bitcoin describes 5 goals of blockchain technology namely-
Efficiency
Consumer Choice, Access, Privacy and Protection
Transparency
Direct Self Governance
Human Empowerment
Read more http://www.newsbtc.com/2016/01/24/bretton-woods-2015-white-paper-bitcoin/
Topic: [2016-01-24]Bretton Woods 2015 White Paper on Bitcoin – Goals (Read 245 times)
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