What is the economic potential and the risks of crypto assets? Regulators and supervisors have taken great interest in these new markets. This Policy Contribution is a version of a paper written at the request of the Austrian Presidency of the Council of the European Union for the informal ECOFIN meeting of EU finance ministers and central bank governors.
A report has claimed that GDPR could hinder innovation in blockchain within Europe. If that is right, then this could be enough to ensure that the technology stars of tomorrow, the next Amazons or Googles, won’t be European. The report did hint at the opportunity, however. Blockchain could be as transformative for business as the internet, at least nine out of ten technology professionals think that, or so found a survey by BTL Group.
Balazs was speaking at the The Future of Digital Innovation in the European Union conference about policy issues of blockchain technology.
The conference was organized by the College of Europe on the 10th of April 2018.
Here is the prezi of the talk:
Andrea Renda is the Google Chair in Digital Innovation at the College of Europe. The event was the first of a series of annual conferences on Digital Innovation.
The outline of the event is the following:
Digital innovation is permeating a big portion of the economy, reshaping the way we live, work, interact. Two paradigms currently stand out as potentially disruptive: the emergence of Distributed Ledger Technologies (DLTs) such as blockchain, and the increasingly pervasive use of Artificial Intelligence and Machine Learning in a variety of applications, from e-commerce to self-driving cars. Policymakers find it increasingly difficult to keep track of this evolution given the breathtaking pace of innovation, and the challenge of dealing with algorithms, collective intelligence, and often a patchy and uncertain set of legal rules. The College of Europe Chair in Digital Innovation organizes a one-day conference to discuss the challenges and opportunities for innovation in the digital age. Key themes addressed by the conference:
- What are the key opportunities and challenges of DLTs and Artificial Intelligence?
- Is Europe competitive in the deployment of these technologies?
- What new forms of innovation may emerge from the diffusion of these disruptive technologies?
- Is the EU legal system well-equipped to cope with the peculiarities of these technologies?
- What can the EU do to harness the potential of DLTs and Artificial Intelligence to strengthen the Single Market and promote better economic, social and environmental outcomes?
The 2017 paper A Cross-Sectional Overview of Cryptoasset Governance and Implications for Investors is a master’s thesis covering governance structures in the industry. It has a useful survey of the top 50 circulating cryptoassets by network value (as of July 29, 2017) with detailed analysis of the governance models on display. The paper is aimed at educating investors about the relative lack of shareholder (tokenholder) rights in the industry. It also discusses a few of the functioning models of cryptoasset governance.
On the 24th of January we’ll be at the Computers, Privacy and Data Protection 2018 conference in Brussels, discussing blockchain and copyright.
See you in the Area 42 – Grand at 11:45!