Blythe Masters ex-head of commodities at JP Morgan now runs a Blockchain startup call ‘Digital Asset Holdings‘, which uses digital technology to enhance settlement and recording of both digital and mainstream financial assets. Last week, the company acquired ‘BlockStack.io‘, which offers blockchain as a service (perhaps BaaS, or BCaaS).
Again for those like me who are struggle trying to get to grips with blockchain, I found yesterday’s FT article, ‘Banks seek the Key to blockchain’ helpful in explaining how for finance, blockchain offers the opportunity to overhaul existing banking infrastructure, speed settlements and streamline exchanges, subject to regulatory approval.
According to Blythe Masters,:
“You should be taking this technology as seriously as you should have been taking the development of the internet in the early 1990s. It’s analogous to email for money”
Full article from FT available here: Banks seek the Key to blockchain
Also, EuroMoney is running a full feature on Blockchain in their Nov issue (password required): Getting to grips with the blockchain