The digital Euro, the Euro on blockchain, is one of the topics most talked about currently. It is necessary to enable payments via blockchain without having to rely on cryptocurrencies. Currently, China is leading the race for a Central Bank Digital Currency, but Europe is also moving into this direction. Prof. Dr. Philipp Sandner, the head of the Frankfurt School Blockchain Center, talks about current developments in Europe and China, workarounds and potential applications of the digital Euro.
The blockchain technology offers use cases for almost all industries. However, what blockchain currently lacks is a means of payment that is more convenient than cryptocurrencies. Digital money, often referred to as Euro on blockchain, is a crucial step to unlock the potential of the blockchain technology. Prof. Dr. Philipp Sandner, the head of the Frankfurt School Blockchain Center, talks with Stefan Schmitt about digital money, the status quo and its potentials.
Prof. Dr. Philipp Sandner was ranked as one of the "top 30" economists by the Frankfurter Allgemeine Zeitung (FAZ), a major newspaper in Germany, in 2018 and 2019. Further, he belonged to the "Top 40 under 40" – a ranking by the German business magazine Capital.
Prof. Dr. Philipp Sandner is head of the Frankfurt School Blockchain Center (FSBC) at the Frankfurt School of Finance & Management. His expertise includes blockchain technology in general, crypto assets such as Bitcoin and Ethereum, the digital programmable Euro, tokenization of assets and rights and digital identity. The FSBC advises financial organizations, industrial corporations and startups concerning their blockchain activities.
Since 2017, he is a member of the Fintech Council (FinTechRat) of the Federal Ministry of Finance and was engaged in the EU Blockchain Observatory established by the European Union. He co-founded the German Blockchain Association, the International Token Standardization Association (ITSA), and the Multichain Asset Managers Association.
The Frankfurt School Blockchain Center was launched in February 2017 and analyzes implications of blockchain technology on companies and business models. It provides a platform for decision makers, startups, technology experts and industry professionals to exchange their knowledge and share their visions. More: www.fs-blockchain.de
Before joining Frankfurt School, he co-founded a consulting company specialized in the area of innovation strategy, IP and technology transfer. He has been research fellow at the Technical University Munich, the Ludwig-Maximilians-University Munich and the Berkeley Center for Law & Technology. Previous to that, he studied business administration focusing on computer science at the University Mannheim.
He was awarded with several scholarships and research prizes. Prof. Sandner has published in international peer-reviewed journals such as Administrative Science Quarterly, Research Policy, the Journal of Marketing Research and the Journal of Business Venturing. See publications on Google Scholar. Recently, he also edited two books. One book focuses on the implications of blockchain technology on companies, the other one focuses on the implications for the society. More: www.die-blockchain.ist/die-zukunft/