How the Blockchain is Redefining Trust

[Kargai]

A really interesting read not only about how the blockchain will redifine trust on a day to day basis but also why this technology will help bankers to save millions of dollars.

And those words are not coming from a unkown trader or banker, they are from Blythe Masters former executive at JPMorgan Chase and currently the CEO of Digital Asset Holdings, a financial technology firm developing distributed ledger technology for wholesale financial services. She is best known for being one of the people responsible of the 2008 crisis (booooo). She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce

In short : she know banks and technology very well.  Via her company Digital Asset Holdings she want to be a big actor in the field. Basically using the idea of "if you can't beat them, join them"

That is why most major players in the financial industry are busy investing significant resources into blockchain solutions. They have to embrace this new paradigm to ensure it works for, not against, them. So from now on you can forget about the myth "blockchain will help us get rid of banks and financial institution"

Very interesting read : https://www.wired.com/story/how-the-blockchain-is-redefining-trust

You'll even learn that Goldman Sachs has recently filed a patent for its own cryptocurrency called SETLcoin, that more than 40 banks have a stake in a consortium called R3CEV to come up with shared standards for blockchains and more.

[skillex]

This is very great news in contrary with the negative issues of blockchain produced by some countries that banned it.Hoping that there will be more and more big personality like her to prove what is blockchain's big contribution to industry and thus accepting it fully by many.