Ex-JPMorgan Exec: Blockchain May Be Key to Avoidin
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Posted On: 07/24/2018 9:58:54 AM
Ex-JPMorgan Exec: Blockchain May Be Key to Avoiding Next Global Financial Crisis
".The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis," the China Economic Times reports today, July 23.
Pang Huadong, currently an honorary academic advisor of the Asian Blockchain Institute, said that his experience at JPMorgan during the peak of the 2008 financial crash led him to think that blockchain could be the pivotal technology for establishing transparency and trust in the global economic system:
“[When I began to work at JPMorgan in 2007,] 13 people managed [the bank’s] $40+ billion [assets].... when the 2008 financial crisis was at its worst, [the] average daily loss was $300 million. It is only gradually that I understood that blockchain technology may be the key to avoiding the next global financial crisis.”
Read more:
https://cointelegraph.com/news/ex-jpmorgan-ex...ial-crisis
Blockchain Solutions to Grow 75% Through 2022: IDC
".International Data Corp.has released a new update to its Worldwide Semiannual Blockchain Spending Guide where it predicts that annual global spending on blockchain solutions will reach $11.7 billion by 2022. It represents a five-year compound annual growth rate (CAGR) of 73.2%.
With current year global blockchain spending expected to stay at around $1.5 billion, the target of $11.7 billion over the next four years indicates a robust pace of growth for blockchain adoption at the global level across various industries.
Finance Leads in Blockchain Adoption
The financial sector will lead blockchain spending during 2018, said the report. Its $552 million expenditure during 2018 will be largely driven by the banking industry."
Read more:
https://www.investopedia.com/news/blockchain-...-2022-idc/
The blockchain begins finding its way in the enterprise
". The blockchain is in the middle of a major hype cycle at the moment, and that makes it hard for many people to take it seriously, but if you look at the core digital ledger technology, there is tremendous potential to change the way we think about trust in business. Yet these are still extremely early days and there are a number of missing pieces that need to be in place for the blockchain to really take off in the enterprise.
Suffice it to say that it has caught the fancy of major enterprise vendors with the likes of SAP, IBM, Oracle, Microsoft and Amazon all looking at providing some level of Blockchain as a service for customers.
While the level of interest in blockchain remains fluid, a July 2017 survey of 400 large companies by UK firm Juniper Research found 6 in 10 respondents were “either actively considering, or are in the process of, deploying blockchain technology.”
Read more..
https://techcrunch.com/2018/07/22/the-blockch...nterprise/
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".The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis," the China Economic Times reports today, July 23.
Pang Huadong, currently an honorary academic advisor of the Asian Blockchain Institute, said that his experience at JPMorgan during the peak of the 2008 financial crash led him to think that blockchain could be the pivotal technology for establishing transparency and trust in the global economic system:
“[When I began to work at JPMorgan in 2007,] 13 people managed [the bank’s] $40+ billion [assets].... when the 2008 financial crisis was at its worst, [the] average daily loss was $300 million. It is only gradually that I understood that blockchain technology may be the key to avoiding the next global financial crisis.”
Read more:
https://cointelegraph.com/news/ex-jpmorgan-ex...ial-crisis
Blockchain Solutions to Grow 75% Through 2022: IDC
".International Data Corp.has released a new update to its Worldwide Semiannual Blockchain Spending Guide where it predicts that annual global spending on blockchain solutions will reach $11.7 billion by 2022. It represents a five-year compound annual growth rate (CAGR) of 73.2%.
With current year global blockchain spending expected to stay at around $1.5 billion, the target of $11.7 billion over the next four years indicates a robust pace of growth for blockchain adoption at the global level across various industries.
Finance Leads in Blockchain Adoption
The financial sector will lead blockchain spending during 2018, said the report. Its $552 million expenditure during 2018 will be largely driven by the banking industry."
Read more:
https://www.investopedia.com/news/blockchain-...-2022-idc/
The blockchain begins finding its way in the enterprise
". The blockchain is in the middle of a major hype cycle at the moment, and that makes it hard for many people to take it seriously, but if you look at the core digital ledger technology, there is tremendous potential to change the way we think about trust in business. Yet these are still extremely early days and there are a number of missing pieces that need to be in place for the blockchain to really take off in the enterprise.
Suffice it to say that it has caught the fancy of major enterprise vendors with the likes of SAP, IBM, Oracle, Microsoft and Amazon all looking at providing some level of Blockchain as a service for customers.
While the level of interest in blockchain remains fluid, a July 2017 survey of 400 large companies by UK firm Juniper Research found 6 in 10 respondents were “either actively considering, or are in the process of, deploying blockchain technology.”
Read more..
https://techcrunch.com/2018/07/22/the-blockch...nterprise/
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