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Author Topic: [2015-11-20] State Street Names ‘Blockchain Advocate’ to CIO Role  (Read 238 times)
Sturgeon
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November 21, 2015, 02:08:02 AM
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Financial services giant State Street is touting the blockchain experience of its newly appointed executive vice president and global CIO.

In a press announcement yesterday, State Street revealed Antoine Shagoury, the former CIO of the London Stock Exchange Group (LSEG), would join the investment management services firm, making a point to highlight Shagoury’s advocacy for blockchain technology while at LSEG.

In interview, global head of enterprise data Chris Perretta framed his firm's interest in the blockchain, as well as new employees who embrace innovation, as a key part of its broader effort to define how its product will look "five, 10 and 20 years out".

Perretta told CoinDesk that State Street believes blockchain technology could one day help the company offer clients products "faster" while delivering them "more securely".

He remarked:

"We’re interested in blockchain as a style of computing and its ability to automate the trust process. Access to information is becoming quicker and new technologies are emerging every single day. With the move from traditional to digital technologies, we need to be ahead of this trend."


http://www.coindesk.com/state-street-names-blockchain-advocate-to-cio-role/


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mr.coinstrader
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November 21, 2015, 07:39:08 AM
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Banks will gradually adopt the block chain technology. This is reduce their cost, and make them more efficient. There is no doubt about that. The question is that will the banks take part in the bitcoin itself and build infrastructure around bitcoin.
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