IOTA only Permissionless DLT Representative at the European Banking Congress

Another step on the way to real-world adoption has been made by the IOTA Foundation: Dominik Schiener will speak at the European Banking Congress – the only permissionless DLT representative there.

IOTA co-founder Dominik Schiener has revealed that he will be speaking in Frankfurt this November:

I will be part of this years Frankfurt European Banking Congress, representing the #IOTA Foundation in the session "Technology in Finance: Ever Broader, Ever Deeper?" https://t.co/KCivMfauTF — Dominik Schiener (@DomSchiener) September 10, 2018 Dominik is listed as a speaker among: Mario Draghi (president of the European Central Bank) Olaf Scholz (Minister of Finance, Germany) Christian Sewing (CEO of Deutsche Bank) Martin Zielke (chairman of the board at Commerzbank, Germany) Jens Weidmann (President of the central bank of Germany + Chairman of the Board of the Bank for International Settlements) You can see the other speakers here. Schiener himself will be on a panel (“Technology in Finance: Ever Broader, Ever Deeper?”, November 16, 11:45am) together with: Steven Maijoor, Chair, European Securities and Markets Authority, Paris Blythe Masters, Chief Executive Officer, Digital Asset Holdings, New York Blythe Masters, Chief Executive Officer, Digital Asset Holdings, New York Moderator: Philipp Sandner, Professor and Head of Frankfurt School Blockchain Center, Frankfurt School of Finance & Management, Frankfurt am Main

IOTA has revealed many industrial partnerships already (you can read our articles on these topics), but it was rather quiet during the last months as far as banks and financial institutions were concerned.

Only GermanDeutsche Bank’s praise for IOTA has been revealed to the public so far:

In conclusion: IOTA has solved the fundamental problems of blockchain, because it is scalable and does not cause any costs. The problem is, that this payment system only works if cryptocurrencies are compatible with each other, because IOTA does not have blocks and chains. (source) Moreover, IOTA is one of the candidates for the Swedish national bank’s (Riksbank) e-Krona project: IOTA is excited to explore the potential role of IOTA in their national e-Currency/e-Crown initiative as one of the candidate solutions.https://t.co/yzrRBG8Ung#IOTA — IOTA (@iotatoken) January 19, 2018 Phase 2 of this project at which the underlying technology is chosen is still ongoing at the time of writing – IOTA is, of course, one of the candidates.