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Industry standard for blockchain

  • Host institution: University of Twente, The Netherlands (UTW)

  • Starting month: M9

  • Duration: 36 months

  • Pillar 1: Introduction to Blockchain applications in finance (Humboldt University of Berlin, 4 ECTs), Work Package 4

  • Work Packages: WP4, WP6, WP7, WP8

Objectives

Cryptocurrencies and other digital assets have proliferated in recent years, elevating blockchain technology. Decentralised finance requires it. Blockchain is well-established in digital finance, but it lacks maturity and scalability. This project leverages the extensive and diverse DIGITAL network, which includes financial industry leaders, to set a blockchain industry standard.

Expected Results

The project will map and categorise blockchain technology literature and practice to create an industry standard. DIGITAL includes the European Central Bank (ECB), multinational banks, and leading digital finance tech companies. This combination lets us analyse blockchain and find commonalities and desires that could lead to a standard. We will work on several blockchain use cases, inspired by industrial partners, to ensure that the results do not stall at a normative framework level but trickle down to concrete and relevant demonstrations of the standard implemented in digital finance.

Planned Secondments

  • Deloitte Consulting S.r.l.S.B (DEL), Alberto Ferrario, M18, 18 months, business modelling, research on use-cases and prototypes

  • Fraunhofer Institute (FRA), Prof. Dr. Ralf Korn, M12, 4 months, applied industry-research, exposure to world-leading research centre and infrastructure

Planned Timetable

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