Stevens Institute of Technology
Stevens professor Giuseppe Ateniese describes how blockchain technology and decentralized finance could bolster financial services and supply chain resilience while improving trust and transparency.
With global economic uncertainty resulting from the novel coronavirus and COVID-19 pandemic, interest in cryptocurrency has been on the rise.
Some nonprofit organizations, for example, have recently begun accepting donations in the form of cryptocurrency to allow for easier and more simplified low- or no-cost transactions across international borders.
"That's a small advantage," said Stevens Institute of Technology professor and Department of Computer Science Chair Giuseppe Ateniese, "but it's still an advantage."
Adopting cryptocurrency into use represents a means of conducting transactions between two parties without requiring a third party—such as a bank or government—to act as a middleman.
But more so than cryptocurrency itself, Ateniese sees what he describes as a "bright future" in the post-COVID-19 world for the structures and ideas that underlie cryptocurrency: namely, blockchain technology and smart contracts. . . .
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