Mr. Hafid Mellouk and then Mr. Sacha Ott

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First, a word from the sponsor of the promotion, Professor Thierry Bonneau , who reminded the students of the outgoing 2017-2018 class and those of the incoming 2018-2019 class of the issues and challenges of their training. The head of the MBA, Mr. Moundir AKASBI, rightly recalled the technical and legal dichotomy raised by the question of the day.



mentioned that the business owner database Blockchain comes from the asymmetric cryptography technology of the 70s, put forward after the 2008 crisis by cryptocurrencies, particularly Bitcoins. It is a data storage and transmission technology with three main characteristics. The Blockchain is transparent or anyone can consult the data in perpetuity. It is secure because the transmission of data is practically resistant to any form of manipulation. Finally, it operates without a central control body since its operation is carried out exclusively through peer-to-peer or Peer to Peer relationships . A technical demonstration was presented by the speakers.



The Capgemini research group, through its speakers Messrs. Enrico Boccardi and Achraf Ayadi, presented the practical applications of the technology (Liquidshare, Nasdaq, Nasdaq Estonia, UBS, ASX, HQLA, etc.). The speakers did not fail to point out that the practice gives considerable space to the private Blockchain. The practice in public Blockchain is rather rare.



The last intervention of this part was closed by the speech of Mr. George Castel, Director of the MBA Trading - Market Finance of the ESLSCA Business School Paris who did not fail to specify the very particular character of the Blockchain which appears as the beginning of a renewal of our economy and which makes it possible to set up a shared trust system. He demonstrated that it is also a "casino" economy. Blockchain technology must therefore be at the service of transparency, law and rules and not at the service of crypto assets.



The second part, led by Professor Thierry Bonneau , attempted to provide some answers to the numerous legal and regulatory questions.



Regarding ICOs, Professor Hubert De Vauplane shared with the audience his long experience and expertise in the matter, noting the existence of disparate regulations across the world. Any fundraising based on this technology would require curiosity and an inevitable k