Decentralized Ecosystems: Disrupting Markets and
Shifting the Balance of Power
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Speaker (s):
Christoph Kreiterling
Senior Adviser
German Federal Financial Supervisory Authority (BaFin)
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Date:
Time:
Venue:
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November 14, 2019, Thursday
10:00am - 11:00am
SOE/SOSS Seminar Room 4-2, Level 4,
School of Economics /
School of Social Sciences
Singapore Management University
90 Stamford Road
Singapore 178903
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ABSTRACT
Initially I will clarify some technology basics and make sure the core concept of Blockchain technology is understood. Based on that I will show why a decentralized ecosystem (such as blockchain) is relevant from as business perspective. Here I will focus on the transaction cost theory (Coase, 1935) and the potential disintermediation (Hester, 1969). With this theoretical background, I will show some of the relevant business cases, that are arising or being affected: They include Banking, Insurance, other financial Services, Manufacturing and Government. After that, I will briefly highlight a few legal and regulatory aspects, only to show which effect, decentralized ecosystems potentially have on a macro level in a broader institutional context. I will show the potential shift in the underlying balance of power, competencies, and roles. I will end with an outlook of decentralized ecosystems and time for Q&A.
ABOUT THE SPEAKER
Christoph Kreiterling is a Senior Adviser at German Federal Financial Supervisory Authority (BaFin). He works in the division for innovations in financial technology of the German Federal Financial Supervisory Authority, BaFin as senior adviser. Mainly, he is the key contact for matters related to Blockchain technology. In his day-to-day work, Christoph analyzes Blockchain technology developments in their various dimensions such as the technical and business side, regulatory aspects, possible future payment implications, standardization-related issues, geopolitical questions, possible legal implications, blockchain use cases and the perspectives of future Blockchain regulation as a whole. Christoph has been a speaker for Blockchain technology at academic, regulatory and security conferences.
As for blockchain, Christoph has been getting familiar with this subject since 2011, adding lectures at various institutions such as Frankfurt School of Finance or at the University of Deutsche Bundesbank and trainings regarding Bitcoin, blockchain and virtual currencies to his academic portfolio and even presenting the topic of virtual currencies at a German Parliament Committee meeting.
Christoph has been named as External Expert at the Frankfurt School of Finance’s Blockchain Center and as Research fellow at the university College London’s Centre for Blockchain Technology, where he participates in Blockchain Technology Research. Additionally, Christoph is a member of the German delegation at International Standardization Organization (ISO) working on a global Blockchain standardization.
