Influence of Bank for International Settlement on DLT Adoption | European Blockchain Convention 9

Jonathan Leßmann , Chief Marketing Officer and Head of Platform Strategy at SWIAT, shared insights during a recent panel discussion, building on the concept of "co-opetition" in the blockchain space.
Leßmann, emphasized the significance of regulatory considerations for institutions. Discussing the evolving landscape, he pointed out the misconception that regulatory hurdles persist, highlighting existing regulations in France, Germany, and Europe's DLT pilot regimes.
He also acknowledged the challenges of creating synergies in a market marked by isolated initiatives.
Leßmann delved into the role of the Bank for International Settlements (BIS) in shaping the adoption of Distributed Ledger Technology (DLT). He presented a risk-driven perspective from the BIS, emphasizing the need for financial institutions to evaluate dependencies and assign capital requirements accordingly. Addressing scalability, he introduced SWIAT's co-opetition model, featuring a unified ledger and interoperability standards to enhance scalability and regulatory compliance. The emerging financial ecosystem, already supported by major institutions, aims to facilitate blockchain adoption while considering risks and contingencies associated with decentralization.
In summary, Leßmann's presentation highlighted the ongoing efforts to overcome regulatory challenges, the role of the BIS, and SWIAT's approach to fostering a collaborative and compliant financial ecosystem on the blockchain.
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Speakers:
Jonathan Leßmann | SWIAT
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