Re: [Din] Side meeting on financial technology

"Shigeya Suzuki" <shigeya@wide.ad.jp> Thu, 11 July 2019 16:36 UTC

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Date: Fri, 12 Jul 2019 01:36:44 +0900
From: Shigeya Suzuki <shigeya@wide.ad.jp>
To: Jon Crowcroft <jon.crowcroft@cl.cam.ac.uk>, Thomas Hardjono <hardjono@mit.edu>
Cc: Melinda Shore <melinda.shore@nomountain.net>, "din@irtf.org" <din@irtf.org>
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Subject: Re: [Din] Side meeting on financial technology
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As one of IETFer, I probably able to ask somebody to think about the relationship with the *financial* part in terms of deployment.
We maybe want to focus just on the technology. However,  even we want to avoid the bound with the financial part, we may not able to escape from that.

As I'm a researcher on the Internet technology, I seriously want to avoid the relationship with the financial part of relationships, unfortunately, as you see, I'm involved in dealing with the technology :<

shigeya

On Fri, Jul 12, 2019, at 01:29, Jon Crowcroft wrote:
> those sound like the right aspects of dlt to address - i'd leave the
> "finance" part of fintech out
> or we'll get into endless debates about fiat and stable etc etc which
> belong elsewhere...
> 
> On Thu, Jul 11, 2019 at 3:22 PM Thomas Hardjono <hardjono@mit.edu> wrote:
> >
> >
> > Actually, the IETF has a crucial role in the future of cryptocurrency and DLTs in the general:
> >
> > -- Interoperability of systems has been a major concern (creed) of the IETF since its beginning in the late 1980s. (Blockchain systems badly need interoperability, IMHO).
> >
> > -- Various ciphers are standardized in the IETF.
> >
> > -- Upcoming ciphers and cryptosystems are discussed in the CFRG.
> >
> > -- PKI standards was developed in the PKIX WG in the IETF.
> >
> >
> > --- thomas ---
> >
> >
> >
> >
> >  |   Thomas Hardjono
> >  |   MIT Connection Science
> >  |   http://connection.mit.edu
> >  |   http://trust.mit.edu
> >  |
> >  |   e: hardjono[at]mit.edu
> >  |   http://hardjono.mit.edu
> >
> >
> > ________________________________________
> > From: Din [din-bounces@irtf.org] on behalf of Melinda Shore [melinda.shore@nomountain.net]
> > Sent: Wednesday, July 10, 2019 7:55 PM
> > To: din@irtf.org
> > Subject: [Din] Side meeting on financial technology
> >
> > Mr Shigeya Suzuki of Keio University has asked for a side
> > meeting on distributed ledger-based financial technology, which
> > will be held on Thursday morning at 10am in the Coller Room.
> > It seems likely that the room may not be large enough, and
> > I will try to find a larger space.
> >
> > He asked that I share the session description:
> >
> > CFP: IETF’s relationship to the future of distributed ledger technology
> >
> > As several people mentioned in the past, it seems valuable
> > to introduce the way we have developed/are developing the
> > Internet technology, followed by working on the governance
> > of the Internet, to experts who need to discuss the future
> > of some new influential global technologies, such as
> > distributed ledger technology (DLT). IETF and other
> > technical communities should discuss openly to develop open
> > standards. For the deployment of the technology, also
> > important is to discuss multiple stakeholders from the point
> > of view of the social impact of the technology.
> >
> > Keio University, Georgetown University, and Japanese
> > Financial Services Agency have been discussing in the past
> > several months on how the experiences of the Internet
> > technology and its governance on the deployment, to find a
> > competent and reasonable way to developing and using DLT.
> >
> > As a part of the dialogue, the team mentioned above made
> > little progress at the G20 finance ministers and central
> > bank governors meeting in Fukuoka [1], to make financial
> > regulators understand to establish a multi-stakeholder
> > community in the DLT ecosystem is crucial. Please be
> > surprised by reading the script of the speech of
> > introduction of the panel discussion [4] held as the
> > official G20 seminar in Fukuoka [2], moderated by Prof. Jun
> > Murai, with Dr. Adam Back as one of the panelists.
> >
> > IETF community might feel distant from this topic; however,
> > if DLT will be part of the basis of a future platform on the
> > Internet, the IETF community might be responsible for the
> > technology. Moreover, the tight relationship with
> > crypto-assets in the context of application-level deployment
> > means that we should discuss DLT with stakeholders,
> > including regulatory agencies and financial institutions.
> >
> > Our team succeeded in convincing regulators that
> > conversation is crucial. We need to be part of the
> > conversation.
> >
> > The purpose of this meeting is to inform what is happening,
> > then starting a dialogue on the topic. We also want to find
> > some motivated souls to work on this effort together.
> >
> > Please come to the meeting.
> >
> > [1] G20 Finance Ministers and Central bank governors meeting
> > https://www.g20fukuoka2019.mof.go.jp/en/
> >
> > [2] G20 SEMINAR, G20 HIGH-LEVEL SEMINAR ON FINANCIAL INNOVATION, “OUR
> > FUTURE IN THE DIGITAL AGE
> > https://www.g20fukuoka2019.mof.go.jp/en/meetings/20190608_1.html
> >
> > [3] Opening Remarks: Taro Aso, Deputy Prime Minister, Minister of
> > Finance, and Minister of State for Financial Services
> > https://www.fsa.go.jp/common/conference/danwa/20190608/01.pdf
> >
> > [4] Introductory remarks, Toshihide Endo, Commissioner, Japan Financial
> > Services Agency
> > https://www.fsa.go.jp/common/conference/danwa/20190608/05.pdf
> > _______________________________________________
> > Din mailing list
> > Din@irtf.org
> > https://www.irtf.org/mailman/listinfo/din
> 
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