From 9 to 10 March, Frankfurt School of Finance & Management hosted the Crypto Assets Conference 2020 - the industry meeting for experts from the blockchain world in Germany. 500 participants attended lectures and panel discussions by speakers from start-ups, companies and government institutions.
A major topic this year was the newly created governmental framework for crypto currencies. According to Professor Philipp Sandner, Head of the Frankfurt School Blockchain Center at the business school and founder of the conference, the blockchain strategy presented by the German government last autumn was a milestone for the industry.
"After the custody license was created in Germany on 1 January of this year, it is now clear that numerous companies and start-ups are seriously considering cryptographic custody. This gave the Crypto Assets Conference a custody focus, which I think is great," said Sandner.
Sandner is convinced that blockchain technology will fundamentally change the financial sector.
"Blockchain technology will change everything that has to do with finance. This includes securities, the securitization of new types of assets on a blockchain basis and the automation of payment transactions. It can be assumed that every security, including the euro, will run on a blockchain basis in five to ten years. That is why we need to look at technology. In Germany, the Federal Government and the Federal Ministry of Finance have now also understood this and have both passed the first laws and developed a national block chain strategy.”
The Crypto Assets Conference is therefore the ideal platform to bring the blockchain scene together with the traditional financial world.
"The most exciting use cases in the blockchain area have a financial reference: these are crypto currencies such as Bitcoin or Ethereum, but also the digital euro or dematerialised securities," explained Sandner.