Time: Technology Behind Blockchain Could Revolutionize Wall Street

According to a recent Time article, the underlying blockchain technology that powers bitcoin transactions has the potential to transform how Wall Street does business.

Time recently spoke with the CEO, Adam Ludwin, of Chain, a startup specializing in blockchain systems for assets like corporate securities. Mr. Ludwin explained in detail how blockchain technology could make financial transactions faster, cheaper, and more secure by changing clearing and settlement processes. 

Mr. Ludwin also explained the challenges that Wall Street firms may face in its blockchain adoption and suggested that the correct question that institutions should be asking is “what role do we want to play in that new network model?” Change across the market and who is leading that charge should be the focus.

If you would like to join SFIG’s Blockchain Task Force, please contact Alyssa.Acevedo@sfindustry.org.

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