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Events & Articles
Painting Title: ‘Fire’
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Proof-of-work blockchains and settlement finality: a functional interpretation
One of the claims of Bitcoin (Nakamoto, 2008) is that settlement takes place without a central authority. The authors, Ruth Wandhöfer and Ron Berndsen, investigate this claim by comparing Bitcoin’s proof-of-work consensus algorithm to the legal concept of settlement finality used in financial market infrastructures worldwide.
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The Future of Correspondent Banking Cross-border Payments
This paper explores whether and how technological innovation, in conjunction with policy measures, can improve the process of correspondent banking cross-border payments.