Brett King: Wall Street Should Be Scared of the Blockchain

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Brett King at the Huffington Post covered  SIBOS Innotribe  and did well to measure the heat in terms of banking and blockchain technology here:

Simon Taylor, one of the instigators behind Barclay Bank’s recent adoption of the blockchain and a panelist on the blockchain session, spoke about the reason Barclays is focusing on the technology

“The Blockchain could solve a whole host of issues, not least cost issues, and make life easier for Barclay’s clients. It’s our duty to aggressively understand the impact of this technology on the way the bank needs to work moving forward. If we don’t attack this innovation at the edges of the bank, then we can’t shape the control functions within the bank or help SME’s leverage off this new technology.”

Rumors at Innotribe suggested that Barclays is about to announce some major initiatives in NYC prototyping various blockchain applications.

Neal Cross, from Singapore’s DBS Bank Innovation Lab also sat on the morning’s blockchain panel and had an even more compelling vision of the technology’s impact on banks

“The big thing for DBS is that blockchain technology has the potential to enable businesses to interact without a central authority, and what should attract banks is that it comes pre-tested in respect to scale and security as the underlying infrastructure of bitcoin. The potential to reduce risk, reduce complexity and improve the trade finance value chain is something that DBS is partnering with a number of other banks on. If banks aren’t looking at leading technologies like blockchain, then they may not be able to survive the wave of disruption from the thousands of FinTech and technology companies coming their way.”

Read more here.

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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