As a seasoned crypto investor with a background in technology and finance, I wholeheartedly agree with Francesco Pierangeli’s perspective on the importance of collaboration between academics, regulators, and Web3 builders. Having witnessed the evolution of the crypto space firsthand, I can attest to the fact that many groundbreaking ideas have originated from university research labs. Bitcoin itself is a prime example of this, with its white paper drawing heavily on academic works.
A representative from the UK’s Centre for Blockchain Technologies considers collaboration among scholars, regulatory bodies, and creators of Web3 to be crucial for the expansion of the Web3 sector.
At the Peer-to-Peer Financial Systems (P2PFISY) Workshop 2024 in Dubai, Francesco Pierangeli, deputy director of the UK’s CBT, discussed with CryptoMoon the significance of interaction and teamwork within the crypto world. He also highlighted that many innovative crypto concepts originate from universities.
Technologies born and nurtured in academic settings have been pivotal for the growth of the crypto world.
“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 that have been developed at the university.”
He explained that this is highlighted by the references seen in the Bitcoin white paper.
Regulators, academics and builders operated in “silos”
As a researcher delving into this field, I firmly believe that breaking down the traditional barriers between regulatory bodies is crucial. This involves fostering collaboration and engagement with various stakeholders within our community, as it can lead to more comprehensive and effective solutions.
“We operated in silos in, 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.”
The executive emphasized the importance of academics having conversations with regulators about potential industry requirements, aiming to establish a fundamental grasp of their needs.
He also highlighted that bringing in the latest academic research gives regulators an idea of what has been done within universities. “It’s a way to also make the regulators and practitioners think about what things are going to be like in the future,” Pierangeli added.
Crypto is “here to stay”
Regarding the future of cryptocurrency, Pierangeli conveyed a sense of optimism and assurance, suggesting that this sector has firmly taken root and will persist indefinitely. In other words, he believes that crypto is not just a passing trend but a permanent fixture.
“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. I’m very confident, particularly now with the institutional adoption.”
Pierangeli added that while it’s difficult to predict where crypto will be in the next five or six years, he believes the trend will continue to push upward. “I don’t see why these positive trends will not continue in the future,” he said.
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2024-10-23 12:37