Former Wall Street executive Blythe Masters says distributed ledgers will change the way the financial world operates.
Speaking at the Exponential Finance conference in New York, Masters who joined bitcoin trading platform Digital Assets Holdings as CEO in March, said:
“Distributed ledger technology does have the potential to be disruptive of certain business models. But it has at least as much potential to be enormously empowering of existing business models in terms of making them lower cost, more efficient and less risky.”
The CEO, who also discussed smart contracts and the potential benefits of blockchain tech for trading, seemed positive about mainstream adoption in the future. “We won’t get there overnight, but we will get there.”
Digital Assets, founded by entrepreneurs Sunil Hirani and Don Wilson in 2014, is creating a decentralised settlement system which will enable financial institutions to trade digital and non-digital assets.