This is the second and final part of the Cryptonews exclusive interview with Dr Ulli Spankowski, head of digital assets at Börse Stuttgart, founder of Sowa Labs and the BISON app, as well as being the CEO of the latter. The first part of the interview can be found here.
In the first part of the interview, available here, Ulli covered regulation, the Markets in Crypto Assets (MiCA) framework, Europe’s big crypto opportunity and the future of stablecoins, among other things.
In this final part of the conversation, Ulli, among other things, tackles DeFi. He describes its disintermediation potential as “quite compelling” but believes its further progress will depend on solving the problem of “who do I sue” if something goes wrong.
According to Ulli, unlike centralized exchanges that have had the time and experience to become “crisis-resistant”, this cannot be said for many of the actors in DeFi. Add to that the adverse centralisation problem and Ulli thinks this will stymie institutional level adoption.
Blockchain will unlock value across all industries
On blockchain application in finance to drive down costs, he sees some validity in that but the bigger picture will be how the technology will be applied to unlock value across industries through the application of tokenization. For Ulli “It is not just about being able to own things in a different way but how these elements become connectable.”
At the center of the distributed ledger technology (DLT) revolution will be the “symbiosis between traditional financial services with non-financial services, combining services of let’s say, the real industry with the financial industry”.
From automotive mobility to loyalty programs and marketing, Ulli describes how crypto and sectors such as NFTs can be transformational. He says the metaverse is a real…
