Think Tank: Blockchain Could be 'Economic Layer' for the Web

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The Institute for Ethics and Emerging Technologies (IEET) has published a brief article advocating the use of blockchain technology.

In the article, the IEET describes the blockchain as next-generation information technology with numerous potential upsides in a number of fields beyond digital currencies.

The IEET made a clear distinction between 'bitcoin 1.0' (currency) and other emerging technologies, classified as 'bitcoin 2.0' (contracts) and 'bitcoin 3.0' (beyond currency and finance) applications of blockchain technology.

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