In the latest edition of a company podcast series, a managing director at global investment banking giant Goldman Sachs called blockchain technology an innovation that could “drive change” while improving the financial industry.
The comments, issued on 20th January, find Goldman Sachs co-head of technology and managing director Don Duet opening up about his views on blockchain and distributed ledger tech at a time when competitors Cit, JP Morgan and Morgan Stanley are moving to invest in or partner with industry startups or consortiums.
Goldman Sachs has so far advanced on both fronts, investing in bitcoin services firm Circle in April and joining R3’s 42-member bank consortium in September.
During the 30-minute podcast, Duet discussed topics including the impact of open source and big data on the industry. By contrast, his statements on blockchain were more introductory, as questions sought to compel Duet to describe the big opportunities the emerging technology could potentially unleash.
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