Blythe Masters and Wall Street Opt for 'Permissioned' Non-Bitcoin Blockchains
Major banks and mainstream financial institutions are warming up to the blockchain technology that powers Bitcoin, and launching internal experiments and pilot projects to find out how they can use the blockchain. However, most banks frown at the chaotic anarchy of public "permissionless ledgers" like the Bitcoin blockchain, where any individual....
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In many recent articles, Bitcoin Magazine reported the trend toward private, "permissioned" non-Bitcoin blockchains, supported by Accenture and Digital Asset Holdings CEO Blythe Masters, among others. Permissioned blockchain developments for banks and financial operators have been started by giant Swiss bank UBS, Bitcoin exchange itBit and more. Permissioned blockchains would offer the advantages of digital currencies powered by public blockchains - fast and cheap transactions permanently recorded in a shared ledger - without the troublesome openness of the Bitcoin network where anyone can....
27 years on Wall Street to Bitcoin. An increasingly common evolution for former Wall Street executives. Blythe Masters was one of the most publicized to leave Wall Street to explore digital currency and blockchain technology. If her history at JP Morgan is any sign, she might be exactly the right person to fight in favor of blockchain technology. In a recent blog post at Ounce.me called, “Blythe, Master Of The Financial-Verse,” the history of Blythe Masters is detailed. As she built JP Morgan’s commodities arm, she once said her division’s competitors are “scared shitless of us” and said....
The Chamber of Digital Commerce (CDC), a digital currency advocacy group, has appointed former Wall Street executive Blythe Masters to its board of advisors. Masters who joined Digital Asset Holdings - a startup that uses blockchain tech to enhance the settlement of traditional and digital assets - as CEO in March spoke about her new advisory role. She said:
Blythe Masters, the former JPMorgan executive who helped pioneer credit derivatives in the 1990s, has re-emerged as chief executive of Digital Asset Holdings. The Digital Asset Holdings is a venue for buyers and sellers of financial assets to meet and transact, switching currencies into bitcoin in order to cut the cost and time of settlement and make use of the decentralised Blockchain. Blythe Masters sits on the Top of blockchain technology startup Digital Asset Holdings, where she became the CEO in March. She spent 27 years at JPMorgan Chase, where she held some leadership positions,....
Blythe Masters, the Wall Street executive who became the youngest managing director of J.P. Morgan, likes the blockchain. However, the Chief Executive Officer of the startup Digital Asset Holdings doesn’t pay much attention to Bitcoin. The former credit derivative product manager told Bloomberg Markets Most Influential Summit, “I never became particularly enamored with cryptocurrency.” Masters gained a lot of her experience with over two decades with J.P. Morgan — being the youngest women hired for her status at age 28. Earlier in 2015, she told a crowd at the Exponential Finance....