SESSION II - Blockchain technology and stablecoins in traditional finance

ABSTRACT: Motivated by recent innovations in Blockchain technology, we analyze the potential gains for traditional finance from an idealized data structure, but with trust grounded in traditional sources such as rule-of-law. We divide our analysis in two parts, the first focused on improvements in transactions that would take place in the absence of the technology, the second focused on new transactions that would be enabled. We apply the framework we develop to better understand potential use cases for stablecoins.