Pascal Lauffer at CryptoDay
Crypto Day took place on December 7th, 2017 at the Marie Bell Gymnasium Theatre. This event which focused on the world of active crypto and blockchain, brought together a set of experts. Pascal Lauffer, FIMAT CEO, was invited to discuss the role of the blockchain in finance and the different approaches with a large audience of experts or interested parties.
The blockchain aspiration is to change the way we trade, the stakes are extraordinarily high and the first sector impacted by this transformation is Finance.
Pascal Lauffer, FIMAT CEO, is the first expert to speak during this day, thanks to his experience in this area. Pascal knows blockchain technology since its beginnings in 2009 and the creation of Bitcoin. Thus, he understood very early the stakes and the disruptive character that the blockchain represents in terms of security, transparency and decentralization.
During his presentation, he first sought to dispel the received ideas concerning Bitcoin and cryptocurrencies in general, then he made a return on the monetary system history and the various forms and use of currencies by comparing digital currencies to gold or fiat currencies. Finally, he presented the differences and similarities between the banking world and the blockchain ecosystem.
This enthusiastic entrepreneur and technophile insisted on the fact that this innovation, combined with the existence of a dynamic pool of fintechs, will accelerate the digital transformation of the financial industry.
Other fundamental subjects were addressed by the speakers, notably concerning Smart Contracts (automated contracts that allow contracts or agreements in principle to be written into the digital marble of the blockchain) or ICOs, this new mean of raising funds which uses the blockchain to generate tokens, a new class of digital assets.