Talking on a panel at the European Blockchain Convention, Simon Seiter, Head of Digital Assets at Deutsche Börse, spoke about disintermediation and blockchain.
Seiter said the desire to disintermediate was a reasonable one. “Ultimately, efficiencies will only be gained if you get to the level of bilateral transactions,” he said. When he worked at Commerzbank, there was a blockchain-based direct placement from one corporate to another. But the companies wanted to know who would provide the price, a role previously done by an intermediary.
“There will still be services that are of value and these can be, for example, connectivity to liquidity pools, it can be the provision of reference data, it can be something like pricing, efficient matching algorithms and stuff like that,” said Seiter.
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