This workshop is designed to provide multi-stakeholders an environment for the understanding, exploration, and discussion of distributed ledger technologies.
As permissionless blockchain and distributed ledger technology (DLT) platforms evolve and mature, there is an urgent need for multi-stakeholders to engage in their planning, development, roll-out, and operation, in order for innovation of a wide variety of financial applications to proliferate and become mainstream. Thus far it has been mainly developer & startup communities which are driving these protocols, platforms, and applications for this new era of computing. New standards and design patterns are evolving and need input from a variety of perspectives. There is a growing trend towards decentralized computing systems in which distributed ledger technologies are a fundamental component. These systems are designed to be global computing systems; they will likely form the basis of new financial services and businesses including a distributed Financial Market Infrastructure (dFMI).
These new financial services and businesses could bring huge benefit to the global financial system. However financial regulators, central banks, the BIS and IMF, while recognizing the potential of DLT systems, have been also keenly aware of the challenges in the adoption, and designing for the consumer protections required to balance usability, safety while supporting innovation. While it is likely that G20 countries will be leading the design and development of these new infrastructures, all countries should be considered in the planning.
Robert Schwentker: Security Token Offerings, CBDCs, Standards, Adoption
Yuta Takanashi: Implications on Regulation and Governance of Blockchain-based Finance