NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, June 10, 2016

A recent event in Washington attended by representatives from over 90 central banks had Federal Reserve Chairwoman Janet Yellen encourage her counterparts to study emerging technologies, specifically mentioning bitcoin and the blockchain.

The Federal Reserve Annual Meeting, a three-day event hosted by the Federal Reserve, World Bank, and the IMF in Washington had a notable attendee this year in the Chamber of Digital Commerce (CDC). The group represents the blockchain industry and is the world’s largest trade association in the space.

This year’s gathering specifically focused on financial technology or fintech and with the aptly titled event “Finance in Flux: The Technological Transformation of the Financial Sector.” The theme of this year’s conference was on bitcoin’s underlying technology – blockchain and the FinTech sector.