Federal Reserve Bank Of Philadelphia To Hold Conference On Blockchain's Impact On Regulatory Policy
The Federal Reserve Bank of Philadelphia announced that it will hold a FinTech seminar in conjunction with the Journal of Economics and Business on September 28-29, 2017, focused on consumers, banking, and regulatory policy.
Aptly named FinTech: The Impact on Consumers, Banking, and Regulatory Policy, the conference will feature keynote speeches and research from industry experts on consumer protection; roles of alternative information; FinTech lending; blockchain-based currencies; machine learning and artificial intelligence; the new FinTech landscape; and marketplace lending and crowdfunding. The conference will also focus on the disruptive factors of blockchain technology and to what measure they continue to shape regulatory policies.
In its announcement, the Philadelphia Fed acknowledged that "blockchain technology... has the potential to create a major disruption in the financial landscape."
On the rise of new technology, the Philadelphia Fed said, "Fintech has changed the financial landscape and has been quite disruptive."