Professor of International Law and European Union Law, and Former Director of the Department of Business Studies of the University of Roma Tre, in Rome, Italy,
Prof. Bassan is a well-known scholar in the fields of Blockchain, Artificial Intelligence and Electronic Communications, as well as in the International Banking and Financial Investment arena. His recent books on this area are: Advanced Introduction to Economic Law, 2024; Digital Platforms and Global Law, 2021; Power of the Algorithm and Markets’ Resilience in Italy - The Sovereignty Lost on Services (in Italian, 2019); Research Handbook on Sovereign Wealth Funds and International Investments Law (2015); From Saviour to Guarantor: EU member States’ economic intervention during the financial crisis (2015); The Law of Sovereign Wealth funds, (2011).
He is Consultant of banks and tech-companies, and former Consultant of the Italian Parliament (1995-6), of the Italian Ministry of Communications (1999-2000), of the Italian Transport Authority (2013-2015), of the Italian Ministry of Communications (2014-2016),.
He has been appointed (2016-2022) as Conciliator at the International Centre for Settlement of Investment Disputes (ICSID), the World Bank Tribunal for disputes between Governments and private investors.
Roundtable Room 3 (Level 3)
Decoding Digital Assets and Payments
This roundtable reflects Elevandi’s commitment to developing the infrastructure to support the adoption of new technologies.
Distributed Ledger Technology (DLT) is revolutionising the financial sector, with the potential to streamline processes, enhance security, and democratise access to financial services. However, as DLT-based solutions transition from traditional models towards algorithmic governance, a critical juncture has emerged.
Operating under the theme of Decoding Digital Assets and Payments, this roundtable brings together policymakers, academics, and financial experts to navigate the legal and regulatory complexities arising from the transition towards AI and algorithmic governance in DLT-based finance.
This discussion will delve into the specific challenges and opportunities that arise with this shift, including issues of sustainability, transparency, accountability, and potential biases within the algorithms themselves. By exploring these key areas and considering the potential integration with Artificial Intelligence (AI) and eventually Internet of Things (IoT), the roundtable seeks to contribute to the creation of a sustainable, robust and secure future for this transformative technology. For example, a DLT-based micro-loan platform could leverage on AI algorithms to automate document verification, creditworthiness assessment and loan approvals, potentially reducing processing times, fraud risks and increasing financial inclusion. However, ensuring that these algorithms are unbiased is crucial to prevent discrimination against certain borrowers.
Attendees who wish to familiarise themselves with the topic may refer to the reference materials here.