German central bank hosts blockchain seminar, Bitcoin payment becomes an important topic

From November 21 to 24, the Deutsche Bundesbank and the Frankfurt School of Finance and Management jointly hosted a central bank seminar entitled "Blockchain Technology: Opportunities and Challenges". The event was held at the Bundesbank Conference Center in Eltwil.

It is reported that the four-day event will focus on discussing blockchain technology and the practicality of Bitcoin as a payment solution.

“The seminar will discuss the technical achievements of blockchain and its potential commercial applications, especially in the financial sector,” Deutsche Bundesbank explained. “In this event, we try to answer the question of whether Bitcoin has a future in the payment sector and illustrate examples of potential applications of blockchain technology. In addition, the event will discuss these topics from the perspective of central banks and regulators.”

Industry executives, academics and central banks to discuss blockchain risks and opportunities

The central bank seminar will bring together central banks, financial institutions, members of academia and speakers from the European Parliament from various European countries. The event will encourage discussions on central bank systems and regulatory policies. It is reported that confirmed blockchain industry speakers include members from companies such as R3, Eris Industries, Cambridge Blockchain and Digital Asset Holdings (DAH).

The four-day conference will cover a number of topics related to emerging technologies and central banks. Attendees will also discuss smart contracts, SWIFT's global payments initiative, and more about how blockchain is changing traditional finance.

“The symposium is based on combining academic research with practitioners’ experience. The event provides a platform for focused debate and aims to encourage participants to discuss different viewpoints and alternative perspectives and to promote an active exchange of information and ideas between participants and speakers,” said the Deutsche Bundesbank.

Central bank forms partnership with leading business school

It is reported that this is the sixth German central bank seminar this year, which will be jointly held by the German central bank and the Frankfurt School of Finance and Management (FSFM). The Frankfurt School of Finance and Management is an academic partner of the Deutsche Bundesbank and will host part of the seminar.

The Deutsche Bundesbank believes that by cooperating with leading business schools, many innovative ideas will be explored at this seminar and applied in central banks.

“The aim of the seminar was to provide participants with a comprehensive understanding of the latest developments in central banking and relevant supervisory issues,” the Deutsche Bundesbank concluded.