"If you look at history, innovation doesn't come just from giving people incentives; it comes from creating environments where their ideas can connect." – Steven Johnson | | Farzam Ehsani, leader of the blockchain initiative for the FirstRand Group, believes that as the blockchain hype starts to settle down, one use case will stand above the rest: money. As at least one part of most transactions, money is the backbone of our economy. Farzam argues that making it more efficient has to be a priority. Several central banks are investigating the issuance of cryptocurrency on a sovereign blockchain. Farzam is convinced that without this, other blockchain use cases such as securities settlement, trade financing, registries and more, will never reach their full potential. And, he points out, the effects would not stop there. A central bank cryptocurrency would transform the entire banking industry. (You can see more of our 2016 Year in Review series HERE.) | | I'm excited to announce that Stefan Thomas, CTO of Ripple, will be joining us at CONSTRUCT. It has been a big year for Ripple, what with raising a big Series B and numerous financial institutions joining as tech partners. Stefan will tell us about latest developments and more at our invite-only developer conference CONSTRUCT, in San Francisco USA from January 30-31. Want to come? 😎 APPLY TO ATTEND 😎 | | | | | |
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