Goldman Analyst: Blockchain Tech Will Change Asset Ownership
A Goldman Sachs analyst has revealed further insight into the global investment banking giant's developing thesis on bitcoin and blockchain technology. In a podcast released this summer and highlighted by a recent New York Times piece, global investment research analyst Heath Terry addressed both bitcoin and the blockchain, praising the distributed ledger as a technology that would have "massive implications" for asset and ownership transfer. "We're first pitch, first inning in terms of seeing how companies are going to use the technology," Terry said, adding: "It's fascinating in really....
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Large companies are currently zooming in on the potential applications of blockchain technology on various industries. In the financial industry, online retail giant Overstock has begun experimenting with cryptosecurities and a trade settlement system based on blockchain technology. For Goldman Sachs analyst Heath Terry, the distributed public ledger could have "massive implications" for asset and ownership transfers. In Honduras, the government has enlisted the help of blockchain technology companies to create a secure land registry and seems to be enjoying its advantages so far.....
Heath Terry has said it would be "hard to see a world where blockchain technology doesn't change the way we think about asset ownership." A research analyst from Goldman Sachs who has previously spoken favorably about Bitcoin and blockchain technology will reportedly be joining New York-based asset management firm Third Point.According to a Reuters report today, Third Point hired Heath Terry, a managing director of Goldman Sachs’ tech division. He has been with the investment firm for ten years and will reportedly becoming part of Third Point’s team handling venture investments.Terry has....
Global investment bank Goldman Sachs now considers bitcoin an investable asset. “Clients and beyond are largely treating it as a new asset class, which is notable — it’s not often that we get to witness the emergence of a new asset class,” said Goldman Sachs’ analyst. Goldman Sachs Now Considers Bitcoin an Investable Asset Goldman Sachs published a research note on cryptocurrency this week stating that bitcoin has become an investable asset, a reverse of its earlier stance. Mathew McDermott, the bank’s global head of digital assets, wrote: Bitcoin is now....
Goldman Sachs is bullish about blockchain, the underlying distributed ledger technology that powers the cryptocurrency - Bitcoin. Leading investment banking firm Goldman Sachs has - in a research note sent to clients today - raved about the decentralized platform by stating that "the Blockchain, can change...well everything." In a report by Business Insider, the bank sent its "Emerging Theme Radar" note to clients on Wednesday. The note, titled 'Themes, Dreams and Flying Machines' has deemed that the blockchain is "taking center stage" these days, noting that it is pulling the spotlight....
A new Goldman Sachs report on digital currencies has found that while bitcoin is not a practical currency, its underlying ledger technology could hold promise. The top-of-mind report, entitled 'All About Bitcoin', appears to have been compiled recently and it is possible Goldman Sachs commissioned it following the highly publicised Mt. Gox collapse. The report outlines the basics, citing bitcoin's advantages and shortcomings, backed by statements from critics and supporters. The main difficulties facing bitcoin, according to Goldman's Dominic Wilson and Jose Ursua, include the notion that....