Crypto ‘Full of Ideas’ is Driving Innovation in UK University

Crypto ‘Full of Ideas’: Driving Innovation in UK Blockchain University

At the Peer-to-Peer Financial Systems (P2PFISY) Workshop 2024 in Dubai, Francesco Pierangeli, deputy director of the Centre for Blockchain Technologies (CBT) in the UK, emphasized the crucial role universities play in generating ideas for the crypto world. Pierangeli pointed out that many key technologies in the crypto industry originate from academic research. He mentioned that even Bitcoin combines various technologies developed in universities, as referenced in the Bitcoin white paper. 

Bridging Gaps Between Regulators, Academics, and Builders

Pierangeli stressed the need for better communication and collaboration between different groups in the crypto community. He noted that currently, academics, regulators, and developers often work in separate “silos,” limiting their ability to understand and support each other. For example, academics might discuss ideas among themselves, while regulators focus on rules, and developers work on building projects without much interaction.

He believes that regulators should engage more with academics and developers to gain a deeper understanding of the industry’s needs. By sharing the latest research from universities, regulators can make informed decisions that support innovation while ensuring safety and compliance. This collaboration can help create a more cohesive environment where all parties work together towards common goals.

Crypto’s Bright Future

When asked about the future of crypto, Pierangeli remained optimistic. He expressed confidence that crypto and blockchain technologies are here to stay, supported by the increasing number of smart people and institutions adopting these technologies. Although predicting the exact path of crypto over the next few years is challenging, Pierangeli is hopeful that positive trends will continue to drive the industry forward.

He highlighted the growing institutional adoption as a strong indicator of crypto’s lasting presence. With ongoing innovation and collaboration between universities, regulators, and developers, Pierangeli believes the crypto space will keep evolving and expanding, solidifying its role in the global financial landscape.