Bitcoin ‘n’ Blockchain (005): Will Blockchain Underpins Crypto-Assets Market?

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On 24 September 2020 the European Commission adopted a digital finance package.

1. What is it all about?

To put it in a nutshell: the EU wants to become the global digital player.

The starting key words are digital finance strategy, digital transformation, digital resilience. It is also about consumer protection, financial stability, our competitiveness and of course the digitalization in general. And because of the uncontrolled growth and developments in connection to funds, assets, et cetera it is also about the ability to control and steer the newest developments.

2. What can we expect?

A new, intriguing features of the digital finance strategy will be the crypto-assets market.

3. Crypto-assets market?

In a digital world it will not only be important to have a digital currency aka digital euro, but also digital assets. And this brings new challenges:

How safe can financial instruments be transformed into crypto-assets (so-called tokenisation)?

How could the issuance and safekeeping of crypto-assets looks like?

Could real-time settlement of crypto-assets become reality?

How will control this digital (financial) world?

4. DLT as a possible solution?

It is all about DLT: Which role can the distributed ledger techonolgy (DLT) aka blockchain play? Is this the solution to control the positive effects and hinder the negative one?

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If you are interested to broaden your knowledge about these exciting developments I recommend a webinar by European Commission

„Digital finance outreach: crypto-assets and DLT“ (MICA and Pilot proposals)

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on Wednesday 28 October 2020 at 10:00 AM (CEST).