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UK exec highlights university innovation in crypto

UK exec highlights university innovation in crypto

GrafaGrafa2024/10/24 06:40
By:Isaac Francis

Francesco Pierangeli, deputy director of the Centre for Blockchain Technologies (CBT) in the UK, emphasised the critical role of academic engagement in the crypto industry.

During the Peer-to-Peer Financial Systems Workshop 2024 in Dubai, Pierangeli discussed how collaboration among academics, regulators, and Web3 builders is essential for advancing the sector.

He noted that many foundational ideas in cryptocurrency have originated from universities.

“The entire crypto world is full of ideas that have been generated at universities. Even Bitcoin itself is basically assembling pieces of technologies that have been developed at the university,” Pierangeli explained, referencing the academic influences outlined in the Bitcoin white paper.

Pierangeli pointed out the importance of breaking down the silos that separate regulators, academics, and industry practitioners.

He remarked, “We operated in silos; we are just talking to each other, as in academics with academics, regulators with regulators, practitioners trying to build stuff and complaining about the regulatory framework, but with little engagement.”

To foster better understanding, he suggested that academics meet with regulators to share insights that could influence regulatory frameworks.

Bringing the latest academic research to regulators is crucial, he noted.

“It’s a way to also make the regulators and practitioners think about what things will be like in the future,” Pierangeli added.

Looking ahead, Pierangeli expressed optimism about the future of crypto, asserting, “I’m personally very positive and optimistic because we travel a lot. We see a lot of very smart people building on this technology, certainly blockchain.”

He believes that despite uncertainties, the positive trends in the crypto space will continue.

“I don’t see why these positive trends will not continue in the future,” he stated confidently.

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