Just one year ago - at the top of the ICO mania - the EU was well positioned in the race towards crypto use and blockchain/DLTs adoption. When regulators around the world, led by the US, started cracking down on ICOs and crypto markets, the EU took a bit of a "laissez faire" attitude. In hindsight this was good since - despite the initial worries - the damages were very much contained and there was a substantial growth of new businesses and investments in the sector.
And whether this was due to the slow reaction of EU regulators to new developments or - rather - a voluntary policy stance, is anyone´s guess. The result was however positive, specially when compared with blatantly wrong and highly damaging regulatory interventions - such as the NY BitLicense.
Anyways, that was last year in cryptoworld - which is more like 10 years in a traditional sector. Today we face a radically new situation...
One of the key events of the year took place last week in Zurich´s "Crypto Valley". The Cryptosummit was - for me - both engaging and stimulating because the broad focus and main topic of it was the tokenization of securities, which is where - with Untitled-INC - I am more involved.
Among the high level speakers were ConsenSys Joseph Lubin in video streaming, Charles Hoskinson, CoinDesk´s Michael Casey, VC investor Jalak Jobanputra, Outlier Venture´s Jamie Burke and many other top businesspeople.
Of course, with such a packed agenda and thought-provoking panels running simultaneously on 3 stages, I had to make a choice and follow only those which were - for me at least - the most compelling. Most certainly I have missed interesting stuff, but the following were for me the key "take-aways" from the event...
When I wrote this article about the dramatic collapse of the Morandi Highway Bridge in Genoa, I did it out of anger. Though it was clear to me that the roots of this tragic event were to be found in the wrong privatization model and its wrong incentives, I did not yet realize how this was a global issue. In the sense that the discontent and the failures of the privatizations are a worldwide phenomenon, little known, mostly unacknowledged and little debated.
Indeed a quick web search under the key words "failed privatizations" results in a long list of global failures anywhere from Europe, to Africa, the USA, South America and Asia. This Columbia University paper and this Michael Hudson´s paper "Let us glory in inequality" are worth reading.
and Blockchain4innovation.it (Italian)
The dramatic collapse of the "Morandi" highway bridge in Genoa has deeply shaken me. I was taken by a deep sense of sadness as well as by a growing rage.
How could this happen?
searching for information about Atlantia SpA, the private company which holds the concession to the Italian highways which ....
Tokenization is nothing new
The term "tokenization" is mainly associated with securities, equities and real assets and indicates the creation of a digital token which represents ownership rights to the underlying assets and which is issued on a Blockchain.
But tokenization is per se nothing new. It is an evolution of derivative instruments and securitized assets such ABS.
Despite the promises that I also share about the potential of STOs and ...
and Hackernoon.com by Andrea Bianconi
The creation of money has been effectively in private hands since … well forever. Looking at the modern times — after the creation of the US federal reserve system in 1913 — one of the greatest misconceptions instilled in the masses is the belief that public institutions, such as the US Fed or the ECB, are only expression of public interest and that money creation is the exclusive prerogative of sovereign “nation states”. Although it is so widely purported — or simply conveniently led to believe — the truth is rather different.
Indeed, in addition to the fractional-reserve banking — which enables commercial banks to create...
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