oksgvardukraine2018 (OP)
Jr. Member
Offline
Activity: 126
Merit: 5
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 14, 2018, 12:40:34 PM |
|
Watch out Wall Street, Blockchain is Coming: Fmr. JPMorgan Exec. Blythe Masters
Blockchain innovator and former JPMorgan head of commodities Blythe Masters spoke at the London Metal Exchange annual dinner during the LME Week to say that blockchain is coming to commodity markets to introduce heightened confidentiality, reduce paper waste, and improve provenance and productivity. Masters — who became managing director at JPMorgan at the age of 28 before becoming the head of global commodities — is not without her share of controversy in the financial space. She’s widely credited with creating a credit derivative vehicle known as the credit default swap, which has been identified as one of several investment vehicles responsible for the global economic crash of 2008. Her creation has been described in the media as a financial weapon of mass destruction. However, there’s no denying that Masters is an expert in the field of finance and commodities, and with her new role as CEO of Digital Asset Holdings, which develops blockchain solutions for financial services, there are few people better qualified to speak on the application and adoption of blockchain in the commodities industry. “Supply chains are notoriously complex and inefficient,” Masters said during her London speech. “This is especially true in the metals and mining industry where many operational and commercial practices remain inefficient and antiquated, leading to critical data omissions, security vulnerabilities, expenses, corruption, and unethical provenance.” https://www.ccn.com/watch-out-wall-street-blockchain-is-coming-fmr-jpmorgan-exec-blythe-masters/Blockchain has entered our lives in many areas. This is a reality, in many countries it is used at the household level. (land cadastre, registration of cars)
|
|
|
|
Araewien
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2018, 04:26:12 PM |
|
Blockchain with its complex and cryptic architecture is here to stay. Its presence might make life might easier and provide efficiency.
|
|
|
|
Niresean
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2018, 04:27:04 PM |
|
It is a great news for blockchain. It shows the rise of popularity of blockchain technology which it deserves due to its great potentials. Many more projects to come in future for blockchain.
|
|
|
|
Taylia
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2018, 04:27:59 PM |
|
She is right. Currently supply chains are notoriously complex and blockchain can make it easier to make the trade happen. It reduces a good deal of complexity.
|
|
|
|
Wicomas
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2018, 04:28:50 PM |
|
Blockchain has come to stay in the market. It's gaining more popularity day by day and soon it's going to be a revolution.
|
|
|
|
cryptocrusher
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2018, 04:33:26 PM |
|
Any major endorsement like this will only raise awareness and acceptance towards cryptocurrencies and blockchain technology and that's still the stage we're in. It's also probably worth noting her relevance due to past achievement and also being a female, without getting in to a debate on gender inequality etc it's notoriously harder to make it in to the higher ranked positions in finance as a female so she'll also have a lot more of an audience due to that.
|
|
|
|
dothebeats
Legendary
Offline
Activity: 3724
Merit: 1354
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2018, 05:00:45 PM |
|
The blockchain would surely excel on those areas, especially in logistics and as a ledger. Many companies and services would surely integrate blockchain into their systems causing a massive change in efficiency in handling data and accessing it whenever they need to. Perhaps some of the Wall Street magnates would look into the tech and build their own version of it, as what always happens when a certain breakthrough tech becones the talk of the masses. The blockchain will reduce a great amount of mess and will sort things out evenly and smoothly, compared to what we have right now.
|
|
|
|
Conasse
Jr. Member
Offline
Activity: 336
Merit: 5
Culotte Jaune Officielle
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 18, 2018, 11:17:51 PM |
|
It has always been the first advantage Banks will get from using the blockchain. Saving on costs and a more efficient system
|
Bouffe ma chatte, pas la planète!
|
|
|
Kemarit
Legendary
Offline
Activity: 3178
Merit: 1358
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2018, 12:41:19 AM |
|
I totally agree with the supply chain narrative. Heck, I used to support logistics and supply chain applications for about 6 years while I'm doing corporate jobs and damn it was really big and too complex. Blockchain technology will somewhat alleviate the intricacies of the whole system. Like documenting all the facets of the system, from changing of inventories to the actual product itself, so blockchain is a game changer in that industry.
|
|
|
|
cryptocrusher
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 19, 2018, 09:38:59 PM |
|
I totally agree with the supply chain narrative. Heck, I used to support logistics and supply chain applications for about 6 years while I'm doing corporate jobs and damn it was really big and too complex. Blockchain technology will somewhat alleviate the intricacies of the whole system. Like documenting all the facets of the system, from changing of inventories to the actual product itself, so blockchain is a game changer in that industry.
One thing you could maybe help me out on, I understand how the blockchain is so beneficial in this regard as it seems to fit the needs of a good logistical supply system perfectly but why could such a system not already be in place without the blockchain? Simply because at all points things could not be verified unlike with the blockchain?
|
|
|
|
beerlover
Legendary
Online
Activity: 2968
Merit: 1170
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 21, 2018, 02:39:18 PM |
|
Any major endorsement like this will only raise awareness and acceptance towards cryptocurrencies and blockchain technology and that's still the stage we're in. It's also probably worth noting her relevance due to past achievement and also being a female, without getting in to a debate on gender inequality etc it's notoriously harder to make it in to the higher ranked positions in finance as a female so she'll also have a lot more of an audience due to that.
Well, awareness is something that would get created on its own as those in the wall street and majorly all sectors start adopting the usage of blockchain technology. This is something we will get used to at the end, as a lot of things are already changing and even changing pretty fast and before we even know it, we will get to see a lot of the sectors globally being touched, from logistics and supply chain, to health, to financials, and so many more. Blockchain as far as I am concerned is not just coming, it is here! We are in a new age where blockchain technology is taking over. We all know blockchain is the future anyway and it is about time everyone starts accepting that. Actually, we are getting to see even some of those in the wall street trying to get into the system one way or the other. Basically, blockchain is simply applicable to every sector and it would help solve most of the problems that has really occurred in the whole sector for a very long time. The reality is here indeed and people need to accept that reality that blockchain is here to stay.
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
pumbum
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 21, 2018, 03:04:51 PM |
|
blockchain allows you to remove many costs, because they are based on the honesty of transactions, which can not be corrected in any way, and therefore can be trusted. maybe they're right.
|
|
|
|
Semosuchi Tesongrato
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 546
Merit: 33
Rasputin Party Mansion
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 21, 2018, 04:19:20 PM |
|
Perhaps the big investors really begin to understand the potential of the blockchain, and all the implications and innovations it will bring. But I fear they are studying the sector only to defend themselves and profit from them, certainly not to improve the lives of the public.
|
|
|
|
Hydrogen
Legendary
Offline
Activity: 2562
Merit: 1441
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 21, 2018, 04:59:20 PM Last edit: October 21, 2018, 05:12:42 PM by Hydrogen |
|
“Supply chains are notoriously complex and inefficient,” Masters said during her London speech. “This is especially true in the metals and mining industry where many operational and commercial practices remain inefficient and antiquated, leading to critical data omissions, security vulnerabilities, expenses, corruption, and unethical provenance.” I would like to hear her comment upon coca cola's claims years ago that aluminum markets were deliberately manipulated in a profiteering manner inflating the price of aluminum cans far more than it otherwise be. I know there is a school of thought which suggests the complexity and inefficiency she cites is deliberately engineered into supply and distribution chains to artificially raise prices. In that sense, there could be little or no gains utilized in adopting a blockchain over existing systems where market manipulation hinges strongly upon artificially generated supply shortages and inefficiencies in distribution created to raise the price of assets. Awhile ago, Warren Buffett commented on how aliens watching us from space may observe people burying and later digging up gold in an effort to manipulate its price and be confounded at how terribly inefficient it is. I think that blockchain is a great technology and offers significant advances over existing tech. In some applications however, relating to markets which are highly manipulated, it may not make much of a difference.
|
|
|
|
Osayo
Jr. Member
Offline
Activity: 294
Merit: 1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 21, 2018, 11:54:40 PM |
|
Ever since this guy left JP Morgan, he has really been speaking tough in defending and supporting cryptocurrency. He is very confidence of the future of blockchain and crypto.
|
▀▀ PUBLISHprotocol [ WHITELIST ] ▀▀ The most viable blockchain based media platform
|
|
|
cryptocrusher
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2018, 09:46:07 PM |
|
Any major endorsement like this will only raise awareness and acceptance towards cryptocurrencies and blockchain technology and that's still the stage we're in. It's also probably worth noting her relevance due to past achievement and also being a female, without getting in to a debate on gender inequality etc it's notoriously harder to make it in to the higher ranked positions in finance as a female so she'll also have a lot more of an audience due to that.
Well, awareness is something that would get created on its own as those in the wall street and majorly all sectors start adopting the usage of blockchain technology. This is something we will get used to at the end, as a lot of things are already changing and even changing pretty fast and before we even know it, we will get to see a lot of the sectors globally being touched, from logistics and supply chain, to health, to financials, and so many more. Blockchain as far as I am concerned is not just coming, it is here! We are in a new age where blockchain technology is taking over. We all know blockchain is the future anyway and it is about time everyone starts accepting that. Actually, we are getting to see even some of those in the wall street trying to get into the system one way or the other. Basically, blockchain is simply applicable to every sector and it would help solve most of the problems that has really occurred in the whole sector for a very long time. The reality is here indeed and people need to accept that reality that blockchain is here to stay. I think the time of blockchain technology is definitely beginning but we are not even close to its full potential yet. I do agree that when things really start getting going it will be a swift transition from blockchain technology having limited uses and a narrow audience to it being used in almost all areas and everyone having at least some understanding of the fundamentals and potential behind it. Awareness will never start on its own though, there always has to be some sort of marketing, even if that is only word of mouth, fortunately we are past the very beginning stages of that now and the technology is already on the global radar, even if it's not yet fully accepted.
|
|
|
|
|