French Central Bank Wants More Action on Blockchain Research – But also has Security Concerns

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In a recent French report called La Stabilité Financière à l’ère Numérique (Financial Stability In The Digital Age)  consideration is being given by the Bank of France, and the French Financial Stability Board to closely follow the development of initiatives around Blockchain technology, both in  regards the possibilities that the application has to offer but with respect to the issues raised, particularly in terms of security.

The fintechs pose special challenges to regulatory authorities. Their rapid development led regulators to anticipate and develop their reflection on the most appropriate methods to guarantee the protection of customers and meet the financial stability issues. This finding a balance on the regulation of these new players in order not to stifle innovations that would carry benefits direct and indirect for the consumer (in the form of new services and reduced costs due to competition with traditional stakeholders), and more General for the economy and society ( via denew economy’s financing modes).

Such models could exchange replace the traditional operating mode clearing houses based aggregation and the centralized clearing of flows, affecting and the collateral management devices or rules for recording assets. However, off bitcoin, this technology is still very largely in the experimental stage. To confirm the development potential of a number conditions should be checked beforehand, in terms of safety, cost, ability to handle quickly large volumes of transactions, or economic interest to do without third trust for certain activities.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur.

He sits on the advisory boards of some two dozen Blockchain startups
and has written over 1500 articles on Blockchain technology and
startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat

Ad honorem - Honorary Ph.d - Chair Professor of Blockchain at
China's first Blockchain University in Nanchang at the Jiangxi Ahead
Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business
Automation 4.0 programme. Chevalier (Knight) - Ordre des Arts et des
Technologies at Crypto Chain University and on advisory board of Advisory Board Member of International Decentralized Association Of Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member at U.S. Blockchain Association.

Over a half a decade experience judging and rewarding some 1000+
innovation projects as an EU expert for the European Commission's SME
Instrument programme as a startup assessor and as a startup judge for
the UK government's Innovate UK division. Kastelein has spoken
(keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San Francisco, Santa Clara, Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich

His network is global and extensive. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe

He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.

A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world

In his 20s, he sailed around the world on small yachts and wrote a
series of travel articles called, 'The Hitchhiker's Guide to the Seas'
travelling by hitching rides on yachts (1989) in major travel and
yachting publications. 

He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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