Harvard students and alumni launch New Bretton Woods Project at the Harvard Innovation Labs.
From Investing.com
September 19, 2024 1:30:35 pm:
Harvard students and alumni have launched the New Bretton Woods Project at Harvard Innovation Labs to address the global debt crisis through decentralized finance (DeFi) solutions. The project aims to reshape global finance, develop a native Bitcoin stablecoin, and empower users in the face of rising global debt. The initiative is set to incubate at Harvard Innovation Labs in the coming weeks. Utilizing the BeL2 infrastructure, the project aims to offer stability while preserving Bitcoin’s decentralization and security. By leveraging DeFi and blockchain technology, NBW seeks to disrupt the status quo and provide a path toward economic resilience. This groundbreaking initiative reframes Bitcoin as the foundation of a decentralized financial system, offering users a stablecoin backed by Bitcoin while preserving the core principles of decentralization and security. The stablecoin will allow users to bypass Bitcoin’s price volatility while retaining the potential for long-term gains, bridging the gap between traditional finance and decentralized systems. NBW invites individuals interested in contributing to their vision for a decentralized and secure financial future to collaborate, whether as developers, investors, or policymakers. The project, led by the Digital Economy Research Initiative at Harvard, aims to advance financial inclusivity and economic stability by combining Bitcoin’s structure with the stability of a pegged currency. BeL2, Bitcoin’s second-layer solution, enables decentralized finance while keeping Bitcoin secure on its main chain, providing users with financial freedom and new opportunities. Harvard Innovation Labs supports entrepreneurship by providing resources, mentorship, and funding to individuals as they develop practical solutions in fields like technology and finance. BeL2 empowers users to lend, borrow, and trade without intermediaries, allowing full control over Bitcoin while accessing new financial opportunities.
Read more at Investing.com: Harvard Students and Alumni Launch Groundbreaking Native Bitcoin Blockchain Project at Harvard Innovation Labs to Tackle Global Debt Crisis