Day: December 23, 2021

The latest edition of the sixth European Blockchain Convection (EBC) saw an insightful discussion on distributed ledger technology (DLT) and the future of financial institutions. After a few years of experimentation, a few use cases are coming up that are helping streamline the processes for these institutions, even though some experts believe they should get brave and come up with new revenue/business models using the technology. In retrospect, Juan Jimenez of Banco Santander admits that jumping into payments wasn’t the ideal use case for DLT among financial institutions. Not much progress has been seen on that front despite many institutions partnering with the likes of Ripple to access their almost instantaneous and cheap money transfers across the border.

NFTs were the writing on the wall for Monica Singer of Consensus. “Anything that is not regulated is up for grabs with tokenization” stated Singer at yesterday’s panel on mass tokenization. “That’s why there’s an explosion of NFTs. It’s collectibles, we all love collectibles.”