Blockchain
Fintech investments in Europe up to 23bn EUR, JP Fabri (ARQ Economic & Business Intelligence) will add to the subject at TCE2019
Fintech in a nutshell: the financial technology sector which encompasses firms that use technology-based systems either to provide financial services and products directly or to make the financial system more efficient.
It has been reported over the past years that Fintech is a rapidly growing sector. The recent reports show that in the first half of 2018, investment in fintech companies in Europe alone reached €23 billion.
Besides the huge investment return, the fintech sector brings rewards including innovation and job creation, but also challenges, such as data and consumer protection issues, and the risk of exacerbating financial volatility or cybercrime.
To tackle these multi-disciplinary challenges, policy- and lawmakers in the European Union (EU) have adopted and announced several initiatives, for instance on intra-EU payment services, data protection, crowdfunding, and regulatory sandboxes.
In 2019 the European Commission launched a study to analyze the challenges for the European players and possible policy measures at EU level. This analysis leads to the development of short-term recommendations around effective implementation of the EU Fintech Action Plan, coherence with the Digital Single Market, taking the international dimension into account, and investing in knowledge, access to new markets and communication. Longer-term recommendations are to replicate the innovative approach characterized by the second payments service directive in future legislation and to set up a Multi-Stakeholder Forum to stay abreast of trends and risks.
The European market accounts for 17% of the global fintech industry and the leaders are the US with 48%, while China is also holding strong with 35%. (source: bankingtech.com)
PICANTE Tech Conference Europe will address the Fintech sector with a highly engaging panel discussion which is titled “The Rise of Fintech in Europe”.
The panel discussion will be joined by Jean Paul Fabri, Managing Director of ARQ Economic & Business Intelligence, who will bring the latest economic and policy updates.
About Jean Paul Fabri
JP is the Managing Director of ARQ Economic & Business Intelligence, a specialized unit that applies economics to consumers, firms, and policy. He is currently the Lead Director on blockchain and cryptocurrency at ARQ Group. JP is specialized in resilience-building strategies and was a Technical Consultant to The Commonwealth Secretariat and acted as advisor to 9 governments across 3 continents. Prior to joining ARQ Group, JP was the Group Board Secretary of a London and Helsinki listed mining company. He also formed part of the private secretariat of the former Prime Minister and of the Governor of the Central Bank of Malta. An economist by profession, JP followed post-graduate studies in economics and political economy at the University of Malta and the London School of Economics. He is also a visiting lecturer at the University of Malta.
PICANTE Tech Conference Europe is designed to bring both people and knowledge together and provides the excellent ecosystem of networking and learning opportunities without interruptions with emphasis on comfort and communication. After learning from genuine world-class experts and wayseers, meeting achievers shaping the B2B ecosystem, all attendees will get the chance to grab a drink and relax while networking at the evening social gathering.
REGISTER HERE or BROWSE THE AGENDA/PROGRAM!
Seats are limited (Super Early Bird Rate – valid through 30th of June)
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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