Starbit Event In Milan December 1-2, 2018


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EY executive director sees blockchain as valuable problem-solving tool

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EY executive director sees blockchain as valuable problem-solving tool   Emerging tech can help speed insurance claim process. While blockchain is a big buzzword in the business world these days, EY executive director David Bassi says he doesn’t think about the hype around what it may be capable of doing someday, but instead considers blockchain as one more tool in his bag to solve issues now. “We’ve got this transformative technology. What does it really do, how are people using it, and why does it matter?” he explained. “I don’t play in the space where it’s all about finding new technology and finding cool things to do with it. I play in the space where we’ve got a problem and we’re trying to find a solution.” Bassi’s work at EY centers around the insurance industry, an area that he says blockchain can be useful because of its ability to speed processes that involve information changing hands repeatedly and information that needs to be accurate and quickly ac
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Germany Follows Russia: Government To Outline Crypto Strategy By Mid-2019

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Germany Follows Russia: Government To Outline Crypto Strategy By Mid-2019 The Cabinet of Germany has revealed that it will introduce a blockchain strategy for the country by mid-2019, which follows decisions by other countries, such as Russia, to introduce clear regulations on the validity and status of cryptocurrency in their respective countries. A document was released which outlined their intentions for the emerging digital asset class. The German Ministry of Finance and the Ministry of Economic Affairs and Energy will be designing the strategy, but other departments will also contribute to the regulatory framework. Reuters has reported that the German government has been in touch with companies and industry groups that could become stakeholders in what is a burgeoning industry. The report reads: According to the sources, companies and industry groups that could become stakeholders in a blockchain deployment process in Europe’s biggest economy were inv
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BLOCKCHAIN LAW INCREASES SECURITY FOR INVESTORS

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BLOCKCHAIN LAW INCREASES SECURITY FOR INVESTORS   Firms using blockchain technology in financial transactions now have legal certainty in Luxembourg after parliament passed a law on Thursday. Bill 7363 was intended to “provide financial market participants with legal certainty for the circulation of securities via blockchain technology”, the bill document reads, adding: “The bill should provide more security for investors and make the transfer of securities more efficient by reducing the number of intermediaries.” It was passed with 58 votes in favour and 2 against (Déi Lénk). The new legislation builds on the reform of the 1 August 2001 law on the circulation of securities, which in 2013 introduced the generalised possibility to issue dematerialised securities. It goes further in clarifying that securities may also be registered in an account and transferred using secure electronic registration mechanisms, in particular based on blockchain-type technologies of
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