Important organizations and entities from different sectors, such as the Bank of Spain and Santander, will meet on October 26 to celebrate the XNUMXnd Blockchain Economy Conference, and discuss topics of interest for the development of technology in different areas and industries.
La II Blockchain Economy Conference will take place on October 26 and will be held semi-face-to-face and online from the Universidad Pontificia Comillas, in Madrid, where several representatives and leaders of important organizations will meet, including the Bank of Spain, Banco Santander and Telefónica to discuss topics of interest related to technology. blockchainAnyone interested in following this event can connect online for free to enjoy it.
The day will discuss issues related to the launch of the digital currency issued by the Central Bank (CBDC) for the digital euro or cryptoeuro, as well as the economic, political and social implications of the other digital currencies that nations such as China and Japan are currently developing. Another topic of interest and importance within this event will be the discussion of the regulations and legislation necessary to promote the healthy growth and development of the digital asset market, global standards and, of course, the European blockchain network project, the public blockchain infrastructure EBSI, a digital network designed to enable the provision of public services across the continent in an easy, accessible and secure manner.
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Bringing together great personalities
Among the speakers at this event will be: José Manuel Marqués, Head of Financial Innovation at the Bank of Spain, who has extensive experience as coordinator and analyst of research projects on international banking trends, risk coverage, markets, regulations and more; Coty from Monteverde, Director of Blockchain at Banco Santander, expert and leader in digital banking technologies and responsible for research, development of proof of concepts and execution of projects for the adaptation of new technologies to the banking sector; and Christoph Steck, Director of Public Policy and Internet at Telefónica and Vice President of the Digital Economy Policy Committee of BIAC (OECD).
Representatives from other important companies in the country such as Repsol, Endesa, FCC Construcción, Petronor, Grant Thornton, Izertis, Realsec and, of course, the European Commission will also participate in the event. Property Registrars will also participate, who together with other companies and organizations will talk about their progress in the use and implementation of blockchain technology within their areas and sectors, in addition to the benefits of tokenizing real estate and other properties to facilitate and speed up transactions.
Innovations of the participants
The Bank of Spain recently published its Strategic Plan 2024, which prioritizes the study of new technologies and the development of a CBDC to be at the forefront of the digital transaction of our era. For its part, Banco Santander is already implementing a system for international transactions based on blockchain, which to date has successfully carried out transactions worth more than 400 million euros through the services of One Pay FX.
Likewise, Telefónica, another of the great speakers at this conference on blockchain and economy, is a pioneer in the implementation of an identity system based on blockchain, TrustID, which allows for the decentralization of identity management in the different blockchain networks. In addition, this company also promotes a SCHEDULE training and support that seeks to help Spanish companies and organizations, and other blockchain-based projects, to promote and develop the technology. The call made by Telefónica on September 15 will be open until October 27, and invites all those companies and startups that have the potential to develop blockchain technology within the business sector to participate.
The rest of the participants, such as Repsol, Cepsa and Bankia, are also venturing into the blockchain universe, developing a digital network that includes around 150.000 Digital Identities (ID) that allow the verification and validation of the identities of the entities' own employees and companies, as well as those who work with them. The blockchain proposal of Repsol, Cepsa and Bankia is developed jointly with Grant Thornton's BlockchainLab, one of the largest and most important professional services companies worldwide, serving more than 144 countries.
Spain, promoting blockchain technology
In a report made by AMETIC, one of the largest associations in the technology and telecommunications sector, reveals that more than 120 million euros have been invested in blockchain development projects in Spain during 2020. And due to the enormous potential that this technology holds, the association affirms that it will continue to grow and expand throughout the country and the world, despite the entry barriers that blockchain faces due to the lack of awareness of its potential and its multiple use cases.
Still, Spain is pioneer, in the world, in the development and approval of a European standard for the application of blockchain-based Digital Identity solutions, Alastria ID, which will be submitted to CEN/CENELEC for final approval.
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