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Development Finance: Can Bitcoin play a role in social finance?

23 Jun 2016

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  • Title: Can Bitcoin play a role in social finance?
  • Date: 29 Feb 2016
  • Publication: Development Finance

The United Nations Research Institute for Social Development has released a new paper that explores the potential for digital currency Bitcoin to facilitate what author Brett Scott describes as ‘truly empowering social and solidarity-based finance’.

“Bitcoin has been ambivalently received by many in international development circles,” the report states. “Despite this, the question of whether Bitcoin can be harnessed to build [a] new means of solidarity-based finance remains unanswered. This paper sketches out some key issues practitioners should consider when thinking about cryptocurrency technology.”

Read the full article here.

Access also UNRISD Working Paper "How Can Cryptocurrency and Blockchain Technology Play a Role in Building Social and Solidarity Finance?"