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The EU: Public blockchains for financial services
Medium blog article about Prof. Fabian Schär's EU paper on enhancing financial services with permissionless blockchains
Last week, I came across an interesting paper published by the European Union about the potential benefits of public blockchains. You read that right — a sprawling and conservative governing institution is tentatively suggesting that public blockchains be used in regulated markets.
It’s a good paper, thoughtful and easy to read while being both technical and conceptual. This is not surprising given that it was written by Fabian Schär, a professor of digital finance at the University of Basel and co-author of a book on bitcoin, blockchain and cryptocurrency. He’s been writing insightful papers on various aspects of the crypto ecosystem since 2015. This year alone, he’s also published research on Ethereum governance, land valuation in the metaverse, and how to regulate DeFi.