Digital Gold Institute
Milano, 26-27 gennaio 2021
Digital Gold Institute
The most successful attempt at creating scarcity in the digital realm without a trusted third party, Bitcoin is a bearer asset that can be transferred (over computer networks using private/public key cryptography) but not duplicated. Accessible to anyone, it is intrinsic to a public distributed uncensorable settlement ledger, known as blockchain, updated with cryptographic techniques and secured by large amounts of energy in the form of computational work (mining). Bitcoin is the digital equivalent of gold: scarce, used as money, voluntarily accepted without central planning. As much as gold has played a crucial role in our civilization and the history of money and finance, Bitcoin could be disruptive for the digital civilization and the future of money and finance. More a crypto-commodity than a crypto-currency, Bitcoin aims to be a world reserve asset.
Blockchain is an append-only sequential data structure: to change a block in the middle of the chain all subsequent blocks need to be changed. Very inefficient if compared to a relational database, it is mostly an idiosyncratic technology for digital scarcity. Indeed, blockchain requires an intrinsic native digital asset to provide the economic incentives for the blockchain maintainers to be honest. Without the seigniorage revenues associated to its native asset, a blockchain system would need to select and appoint its maintainers, ultimately resorting to central governance.
A timestamp demonstrates that a document existed in a specific status prior to a given point in time. Digital data can be securely timestamped though the attestation of its hash value in a blockchain transaction. OpenTimestamps is a vendor-independent open protocol that defines a set of operations for creating provable blockchain timestamps and later independently verifying them; as such, it allows for third party auditability and is suitable for regulatory prescriptions. What jewelry is for gold, timestamping could be for Bitcoin: not essential but effective at leveraging its beauty.
Finance does not really need blockchain,
but the blockchain economy does need
new financial services.
The most promising blockchain field is
the development of financial services
for crypto assets:
those products, indexes, tools, practices, and facilities
needed by institutional investors
and high-net-worth individuals.
Moreover, the frontier is the monetary engineering made possible by using bitcoin as reserve asset: Hayek Money, the paradigme of new stable private monies competing with the legal tender ones and Central Bank Digital Currencies.
Becoming one of our
means empowering your business with
a proper understanding of Bitcoin, crypto assets, and
It is a strategic choice that will allow you to
leverage unique opportunities
while avoiding the irrational hype
that pollutes these topics.
Our partnership program is aimed at consulting firms, financial institutions, insurance companies, innovative enterprises, software houses, corporates, lobbying groups, and regulators.
We offer you a continuous support in term of consulting, training, research, and development: we can help starting-up from early stage until you reach full autonomy, also cooperating with the academic world interested in the issues of our competence area.
We offer training and education about Bitcoin, crypto assets, blockchain, distributed ledger, smart contracts, and cryptography: the program is based on the Bitcoin and Blockchain Technology course taught at Milano-Bicocca and other universities. The content can be customized depending on requirements: for corporate or academic settings, public or private events, as a short talk, a single day workshop, or a structured learning program over few days. The training can be offered directly by us or through our Educational Program Partners, realized on-site at your premises or at our own locations.
Our research activity includes
on the bitcoin and blockchain ecosystem
(in Italian, exclusive to our
and the thesis works of our
Anyway, the bulk of the activity is happening at the Crypto Asset Lab (CAL), a joint research initiative with the University of Milano-Bicocca. The lab is focused on crypto assets as investment opportunity, fintech innovation, and regulatory challenge, with special regard for their disruptive role in the future of money and finance. A meeting point between academia, industry, institutions, and regulators, CAL also promotes a yearly conference.
Oct 28, 2020 | Lucia Mandelli
Bitcoin, blockchain e cryptoasset: verso una finanza decentralizzata (DeFi).
Jun 23, 2020 | Lucia Mandelli
Orientarsi tra rischio di frode, AML e perdita di asset.
Apr 30, 2020 | Staff
Aggiornamento sull'ecosistema Bitcoin, crypto asset e blockchain
Bitcoin and Blockchain Technology at Milano-Bicocca and other universities.
Crypto Asset Lab scientific director, Hayek Money promoter, QuantLib founder, Interest Rate Derivatives Adjunct Professor at Milano-Bicocca. Ex-physicist, Springsteen fan, husband, father of three.
Bitcoin and blockchain passionate. Eight years of hands-on entrepreneurial experience and formerly Vice President of “Giovani Imprenditori di Confindustria Parma”.