UBS' Alex Batlin on the Future of Blockchain Tech in Finance
When it announced its blockchain innovation lab earlier this year, UBS caused a ripple of excitement and trepidation. It was a watershed moment: one of the world's wealthiest investment banks was putting its money, and public image, behind blockchain technology. Not only that, but it would be experimenting deep in the financial heart of London. The narrative around bitcoin has shifted since the cryptocurrency first gained notoriety via illegal activities and anti-bank sentiment. The finance world is now racing to test it - and other blockchain technologies - out in startups, research....
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"The level of experimentation that’s now possible ... it’s just incredible." So says Alex Batlin, global blockchain lead for BNY Mellon, in a conversation about a new personal experiment he’s working on dubbed the 'Alex Batlin Time Token'. While not an official project tied to his duties for BNY, it’s undoubtedly an offshoot of his work with the firm, having spearheaded blockchain testing while at UBS as well. The idea is fairly straightforward. Batlin created a token via the ethereum network, each of which represents a liability against a certain amount of his time. If you want Batlin to....
UBS has been conducting research on blockchain tech for quite some time and just recently shared more details on its developments. One of these is the so-called "settlement coin" which can be used by financial institutions for transaction clearing. Prior to this, online retail giant Overstock has already ventured into using blockchain tech for "cryptosecurities" and trade clearing. Along with UBS, the company recognized the potential applications of the distributed public ledger in reducing transactions costs and speeding up the verification process. Blockchain Tech in Finance. Blockchain....
A few months back, UBS announced its blockchain innovation lab dedicated to exploring the potential applications of the decentralized public ledger associated with bitcoin transactions. This, along with other banks also tapping into the blockchain potential, sparked talks about how this technology could transform the financial industry. For Alex Batlin, the head of the blockchain innovation lab, the public ledger could be either the biggest opportunity or the biggest threat for the bank. "In principle it's probably one of the biggest confluences of technology and business right now," he....
The Swiss bank, UBS, is a losing a key member of its administrative team in Alex Batlin, who lead the bank’s efforts in blockchain innovation. Blockchain Lead Leaves UBS. The news was first reported and confirmed by Financial News, which cites an internal memo dated August 17th. According to UBS’ head of innovation Veronica Lange, Batlin left to “pursue....
Well, it has been a trend of late that banks have jumped on the Blockchain bandwagon, but there is another trend emerging which is at the top of Blockchain developers quitting banks. A while ago we reported how Will Martino and Stuart Popejoy have left JP Morgan’s Blockchain development team. It has now emerged that Alex Batlin of UBS is also leaving. Alex is a Senior Innovation Manager and runs UBS’s FinTech Innovation Lab based in London, UK’s Level39 accelerator. He is also the lead of UBS’s Crypto 2.0 Pathfinder research looking into Blockchains and their impact on business models.....