The Institute of Decentralized Economics (IDE) was founded in the UK with the aim of investigating blockchain financial systems. The studying of blockchain systems will commence immediately as they look to find real use cases for the new technology.
According to a press release shared with Cointelegraph yesterday, February 11, the IDE center in London will be dedicated to the study of blockchain-based economic systems and their effect on existing institutions.
According to their official website, the primary goal of IDE is to help organizations have a better understanding of the fundamental effect of blockchain technology in multiple industries. They hope to achieve this by facilitating and disseminating key research in the industry. The IDE will also look into the design and viability of stablecoins and how government policy will affect the crypto economy.
IDE is backed by fintech company Sweetbridge. It will facilitate research and help attract industry players of different backgrounds, including entrepreneurs, corporations, and governments.
Blockchain research institutes on the rise
The interest in blockchain technology has been growing as more organizations and companies are aiming to use it to reduce the cost of operations and boost efficiency. This has led to an increase in blockchain-based researches. Last month, Ripple partnered with the Institute for Fintech Research at Beijing’s Tsinghua University to launch a blockchain research scholarship. The program aims to bring together the best graduate students in China to study global blockchain regulations and industry development.
Also in January, the New York City Economic Development Corporation (NYCEDC) announced its intention to open a blockchain center in Manhattan. The center will offer blockchain-oriented educational services to help people understand blockchain and cryptocurrencies.
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