Deutsche Börse has identified blockchain and distributed ledger technology (DLT) as growth technologies. To move forward in the field, the unit “DLT, Crypto Assets and New Market Structures” was founded. In an internal interview Jens Hachmeister, the head of the group, provides insights into Deutsche Bank’s DLT / Blockchain strategy.
In the Roadmap 2020 of the Deutsche Börse Group, three pillars are anchored as a growth program. According to Jens Hachmeister, one of these pillars is investment in new and forward-looking key industries. In addition to the cloud, big data and artificial intelligence, the DLT / Blockchain area is one of them. For this reason, they have put together their own blockchain team, which will deal intensively with the possibilities of technology.
All blockchain initiatives in one hand
The task of the group “DLT, Crypto Assets and New Market Structures” will be to steer all efforts and initiatives of Deutsche Börse to Blockchain and DLT in a joint group-wide approach. Deutsche Börse already operates in several different areas of Blockchain in order to gain a deeper understanding of the technology. As soon as this is bundled, the effect should be increased in all relevant business areas. The members of the new team all come from areas where they had previously dealt with the blockchain technology.
“The digital economy is on the way to decentralization. In the future there will be more peer-to-peer marketplaces and fewer intermediaries. In this regard, Blockchain has the potential to disrupt the capital market infrastructure. It is a decentralized ledger for all transactions in a peer-to-peer network, in which participants can confirm transactions without the need for a central certification authority. Many other industries have also recognized the importance of technology, “said Hachmeister about the blockchain’s potential for Deutsche Börse Group’s business.
Blockchain potential for the entire value chain
He sees the potential of Blockchain distributed across the entire value chain and names IPO / listing, trading and clearing, settlement and custody, and the data and analytics business. The aim should therefore be to incorporate new elements into existing structures. He also sees the traditional market infrastructure of Deutsche Börse threatened by new innovations. For that reason alone, one has to become more familiar with the technology.
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