“The Future of Money 10 years after Lehman and Nakamoto“. Frankfurt School, on November 24, 2018, in collaboration with Monetative e.V. and the International Movement for Monetary Reform will hold a conference adressing the crisis of the monetary system.
While financial institutions and economists warn of new crises and crashs, crypto currencies and the underlying blockchain technology are increasingly regarded as a new technological solution for the monetary system and are included in the future planning.
At a speech in Singapore, Christine Lagarde, Director of the International Monetary Fund, invited central banks worldwide to think about issuing digital currencies. This could make digital money transfers more secure. Crypto currencies are no real currencies, but rather assets, said Sabine Lautenschlaeger, Member of the Executive Board of the European Central Bank, at a Frankfurt School event.
Professor Dr Philipp Sandner, head of the Frankfurt School Blockchain Center, points to the difference between digital currencies and crypto currencies. A distinction, that does not appear that big, when looked at more closely.
“A digital currency would for instance be a future Euro running on a blockchain system. Mrs. Lagarde spoke in favour of digital currencies. This can full well be in tune with crypto currencies. If you look at it more closely, the currency of tomorrow, so to speak a “digital Euro“ will probably run on a blockchain system, a software that stems from the realm of crypto currencies“.