Citi first hinted at its blockchain ambitions 10 days ago when it revealed it had developed its own cryptocurrency following years of research in the space.
The so-called ‘Citicoin‘ project from the world’s eighth largest bank is the latest sign that financial institutions are starting to take blockchain technology seriously.
Expect to hear much more about Citi’s plans for digital currencies and blockchain tech this September when key executives from the bank speak at Consensus 2015.
“Blockchain technology not only has an opportunity to transform financial services but also extend far beyond payments to new use-cases and applications across industries,” said Debby Hopkins, Chief Innovation Officer at Citi and chief executive of Citi Ventures, where some of the bank’s blockchain initiatives are taking place.
Alongside its speakers, Citi is joining Consensus 2015 as title sponsor, marking the first time the bank has supported a major public forum on digital currencies.
Hopkins said:
“Consensus 2015 is a unique event that will help drive the conversation and industry forward.”
Speakers at Consensus 2015 will discuss the emerging global use-cases for digital currency and blockchain technology, ranging from applications in financial infrastructure to international aid and relief.
The one-day line-up includes key voices in the global dialogue on digital currency from the Bill and Melinda Gates Foundation, the US Department of Justice, Banco Santander, Visa Europe, Rakuten, Xapo and the World Economic Forum.
Citi leads a roster of sponsors and partners at Consensus 2015 that includes Braintree, IDEO Futures, Coinalytics, Coin Center, the Digital Currency Council and Plug and Play FinTech.
Register for Consensus 2015 today and save $500.