We want to keep pace with the time. If there is a demand from guests for payment with bitcoin, we will even install special ATMs to exchange bitcoins for providing the proper level of service to our guests. – Mikhail Petuhov, managing partner at Novikov Group
The short version of that conclusion is that ethereum can’t support many users or apps right now, but with the help of up-and-coming technologies, the hope is that it will one day be able to.
Also important, he added, is resisting the tendency to attempt to boil the ocean in response to an emerging technology form. Throwing technology at the financial services world because one can doesn’t make sense — the history of financial innovation isn’t about finding solutions and reverse engineering a problem to solve. The problem, the friction and the pain point generally come first, and new tools like the blockchain enter the market not to replace systems that are working, but to fill in the spot where they aren’t. In other words, don’t just show up to a bank and tell them that they need blockchain because it’s the blockchain.
A recruitment notice issued by the central bank in November revealed that the PBoC is actively developing prototypes related to blockchain-backed digital currency. Among the six positions it had open at the time, five were engaged in the design and development of software and hardware systems for digital money and related underlying platforms.
This pilot project is our first step in testing the wide variety of possibilities for using blockchain technology and assessing this technology’s potential for future transactions and financial processes. – Bobo Uebber, AG board member
A couple of high-profile issues are basically going to be tabled until next year because they've got bigger fish to fry. But the corporate bills are important, everybody recognizes that, and I'm assured that they will be voted on and they will pass. – Matthew O’Toole, chair of the corporate law section of the Delaware bar association
The status quo is slowly changing, and the presence of the Bundesverband in the heart of Germany’s political center could well be cause for celebration.
