Cambridge Centre for Alternative Finance
CAMBRIDGE
CENTRE FOR
ALTERNATIVE
FINANCE
Dr Garrick Hileman
24 September 2016
2
§ Established in January 2015 at the University of Cambridge
§ Dedicated to the study of new financial instruments, chan...
3
§ Multidisciplinary group of researchers with expertise in
economics, finance, statistics, sociology, international
deve...
4
§ Master of Finance
§ elective course featured first UK
university blockchain course
§ Executive Education
§ Half-day Al...
5
§ $3 million in funding to date
§ Primarily grants provided by corporate partners and foundations
§ Funders include: CME...
6
• UK Financial Conduct Authority (FCA) collaboration for ongoing regulatory
impact research
• Inter-American Development...
7
Alternative Finance
Benchmarking
Reports
§ Research methods
and data:
• Consumer polls
• Firm survey data
• Qualitative
...
UK, US & China Transaction Volume in 2015 ($USD)
© Robert Wardrop, Cambridge Centre for Alternative Finance
8
Total Altern...
2015 ($USD)
9
© Robert Wardrop, Cambridge Centre for Alternative Finance
Business vs. Consumer Alternative Finance Lending...
Alternative Finance Volume Relative to GDP
GDP per Capita Versus Alternative Finance Volume per Capita in 2015 ($USD)
GDP/...
11
• Goal: to collect and analyse non-public ‘off-chain’ data from
distributed ledger technology (DLT) platforms
• Data se...
12
• Motivation:
• Successful attack against one
exchange hurts every exchange
• Regulators are becoming increasingly
inte...
13
So…what’s in it for me? (WIIFM)
14
WIIFM (contd.)
15
• Gain valuable industry-wide insights
§ Benchmark Key Performance Indicators (KPIs) against peers
§ Are your challenge...
Thank You
Dr Garrick Hileman
gh434@cam.ac.uk
www.garrickhileman.com
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Garrick Hileman introducing the Cambridge Global Blockchain Benchmarking Study - Shanghai Blockchain Week, Sept. 2016

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Garrick Hileman introducing the Cambridge Global Blockchain Benchmarking Study - Shanghai Blockchain Week, Sept. 2016

  1. 1. Cambridge Centre for Alternative Finance CAMBRIDGE CENTRE FOR ALTERNATIVE FINANCE Dr Garrick Hileman 24 September 2016
  2. 2. 2 § Established in January 2015 at the University of Cambridge § Dedicated to the study of new financial instruments, channels and systems that emerge outside of the traditional financial services § Four core research areas: I. Peer-to-peer lending II. Crowdfunding III. Alternative credit analytics IV. Blockchain and cryptocurrency Cambridge Centre for Alternative Finance (CCAF)
  3. 3. 3 § Multidisciplinary group of researchers with expertise in economics, finance, statistics, sociology, international development, geography and psychology § All Directors and most researchers also have industry experience § Currently employ 8 research staff, plus 10+ student research assistants and interns Our People
  4. 4. 4 § Master of Finance § elective course featured first UK university blockchain course § Executive Education § Half-day Alternative Finance modules via Cambridge Judge Executive Education § Developing a 2-day programme to be offered beginning of 2017 Teaching at the Judge Business School
  5. 5. 5 § $3 million in funding to date § Primarily grants provided by corporate partners and foundations § Funders include: CME Group Foundation, VISA, KPMG, EY, ACCA, Inter-American Development Bank, Business Development Bank of Canada, Association of Certified Chartered Accountants, UK Gov’t (DECC & DFID), DFC Global, Experian Funding
  6. 6. 6 • UK Financial Conduct Authority (FCA) collaboration for ongoing regulatory impact research • Inter-American Development Bank funding research analyzing SME borrower behavior in Chile and Mexico • Monetary Authority of Singapore International Technology Advisory Panel • UK DFID has commissioned the CCAF to assess the current state alternative finance regulation in Uganda, Kenya, Rwanda and Tanzania Increasing share of public funding from research bodies, government and multilateral institutions
  7. 7. 7 Alternative Finance Benchmarking Reports § Research methods and data: • Consumer polls • Firm survey data • Qualitative interviews • Transaction data § Data is anonymized and aggregated Research
  8. 8. UK, US & China Transaction Volume in 2015 ($USD) © Robert Wardrop, Cambridge Centre for Alternative Finance 8 Total Alternative Finance Volume & Growth Rates: 3 Largest Markets
  9. 9. 2015 ($USD) 9 © Robert Wardrop, Cambridge Centre for Alternative Finance Business vs. Consumer Alternative Finance Lending: Funding Mix & Growth Rate By Type of Lending
  10. 10. Alternative Finance Volume Relative to GDP GDP per Capita Versus Alternative Finance Volume per Capita in 2015 ($USD) GDP/Capita Volume/Capita (Log) © Robert Wardrop, Cambridge Centre for Alternative Finance 10
  11. 11. 11 • Goal: to collect and analyse non-public ‘off-chain’ data from distributed ledger technology (DLT) platforms • Data segmented across several dimensions (including use cases, geography, etc) to inform empirical analysis of patterns and trends • Research partnerships – to be announced soon The Cambridge Global Blockchain Benchmarking Study
  12. 12. 12 • Motivation: • Successful attack against one exchange hurts every exchange • Regulators are becoming increasingly interested in exchange security • Industry-wide benchmarking of practices – helpful to exchanges, regulators, and customers (current and future) • Striking the right balance with survey questions Cryptocurrency Exchanges Security Survey www.research.net/r/QQTMFWM
  13. 13. 13 So…what’s in it for me? (WIIFM)
  14. 14. 14 WIIFM (contd.)
  15. 15. 15 • Gain valuable industry-wide insights § Benchmark Key Performance Indicators (KPIs) against peers § Are your challenges/priorities the same as your peers? § Make your voice heard on key issues • Benchmarking is an established practice, sign of industry maturity • Industry self-regulation can reduce external regulation WIIFM (contd.)
  16. 16. Thank You Dr Garrick Hileman gh434@cam.ac.uk www.garrickhileman.com

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