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dc.contributor.authorLipton, Alex
dc.contributor.authorHardjono, Thomas
dc.contributor.authorPentland, Alex
dc.date.accessioned2021-03-29T17:06:20Z
dc.date.available2021-03-29T17:06:20Z
dc.date.issued2018-07-18
dc.identifier.urihttps://hdl.handle.net/1721.1/130255
dc.description.abstractWe study the evolution of ideas related to creation of asset-backed currencies over the last 200 years and argue that recent developments related to distributed ledger technologies and blockchains give asset-backed currencies a new lease of life. We propose a practical mechanism combining novel technological breakthroughs with well-established hedging techniques for building an asset-backed transactional oriented cryptocurrency, which we call the digital trade coin (DTC). We show that in its mature state, the DTC can serve as a much-needed counterpoint to fiat reserve currencies of today.en_US
dc.language.isoenen_US
dc.publisherRoyal Society Open Scienceen_US
dc.rightsAttribution-NonCommercial-ShareAlike 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/us/*
dc.titleDigital trade coin: towards a more stable digital currencyen_US
dc.typeArticleen_US
dc.identifier.citationLipton, A., Hardjono, T., & Pentland, A. (2018). Digital trade coin: towards a more stable digital currency. Royal Society open science, 5(7), 180155.en_US


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