Bitcoin Research Project, interested? 15,000 Euro grant

Jislizard · Jul 29, 2014

I don't know, but it sounds to me like someone is getting nervous...

http://www.coindesk.com/swift-institute-offers-e15000-bitcoin-research-project/

SWIFT Institute Offers 15,000 for Bitcoin Research Project
Nermin Hajdarbegovic | Published on July 28, 2014 at 17:56 BST

The SWIFT Institute has announced it is launching a new research
programme on digital currencies, with a 15,000 grant on offer for the
author of the winning proposal.

The institute is looking for research on recent developments in digital
currencies and cryptocurrencies, but places an emphasis on bitcoin,
which it describes as "arguably the most popular" digital currency,
according to Let's Talk Bitcoin.

"With bitcoin's increasing usage, virtual currencies are becoming more
of a reality. There are bitcoin ATMs in more than 10 countries
worldwide, and the currency is increasingly accepted by mainstream
retailers," the SWIFT Institute says, in a call for proposals titled,
'Virtual Currencies: What are the "real" risks?'.

Peter Ware, director of the SWIFT Institute told CoinDesk:

"It is a very topical area impacting the global financial industry and
the world in general, and one that is increasingly discussed at
conferences, in the media, at the central bank level, etc. For many
people, however, it is not a topic that is fully understood. Through
academic research, the SWIFT Institute is aiming to provide some
concrete input to the discussion."

Risks and advantages

In an overview of the subject, the institute points out that there are
an average of 40,000-80,000 bitcoin transactions per day, adding that
the volume is "expected to rise exponentially" as the currency gains
acceptance.

The institute outlines a number of potential potential advantages and
challenges associated with bitcoin and other cryptocurrencies that the
research proposals will need to address:

What is the net economic impact of virtual currencies?
Do the lower transaction costs outweigh resources expended in mining?
What is the relationship between virtual currencies and real money?
How can banks and virtual currencies cooperate?
What are the risks involved in using virtual currencies?
What role can or should regulators and central banks play?
What are the potential impacts of distributed ledger technologies?
Would pegging/fixing exchange rates help stabilise virtual currencies?
How can criminal activity be avoided when using digital currencies?
The document also adds that the research proposals can be either
theoretical or empirical in nature.

How to submit a proposal

The institute requires all applicants to submit a CV or biography with
all relevant information about the applicant, who is also required to
submit a 2,500 word description of the research project. The deadline is
August 20th 2014. The SWIFT institute told CoinDesk that it currently
has a handful of proposals, but the institute typically receives
proposals very close to the deadline.

The winning author will receive 50% of the grant immediately, while the
remaining 50% will be paid out when the working paper is submitted.

Once the research is completed, the SWIFT Institute will make it
available to the financial industry and it will be freely available to
anyone who wishes to download it.

The SWIFT Institute is an offshoot of the Society for Worldwide
Interbank Financial Telecommunication (SWIFT), which effectively sets
the standards for interbank digital transactions and currently works
with more than 10,500 banks and other banking organisations.

The institute was founded in 2012 with the goal of researching the
current operations and future needs of the global financial services
system. Part of its job is to award grants to attract more academics to
tackle industry challenges and explore new ideas.
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Bitcoin Research Project, interested? 15,000 Euro grant

Jislizard Well-Known Member Silver Stacker

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Bitcoin Research Project, interested? 15,000 Euro grant

Jislizard Well-Known Member Silver Stacker

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