Larry Tabb: ‘Blockchain Technology Has No First-Mover Advantage’
Many enthusiasts see the blockchain as a perfect solution to address a lot of problems in different sectors. But at the same time, industry experts think the first-mover advantage doesn’t apply to blockchain technology right now. First-Mover Disadvantage? Though the blockchain industry has seen a lot of attention from financial institutions and other....
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Larry Summers, the former Secretary of Treasury of the Clinton administration, is impressed by blockchain technology and believes that it will change financial practice and exchange as we know it today. Dr Larry Summers is no stranger to the world of finance. He was the Secretary of Treasury of the Clinton administration. He has also served as the President of Harvard University and Chief Economist of the World Bank. When he makes a statement on matters concerning the financial sector, the world notices. Speaking at Consensus 2016 in New York, Larry Summers says: “Is the blockchain....
Larry Summers is big on blockchain technology but Bitcoin not so much. The Former US Secretary of the Treasury isn't as critical as Jamie Dimon but still believes the cryptocurrency's popularity will fade. According to a CNBC report covering the Consensus event in New York former US Secretary of the Treasury Larry Summers told the audience how blockchain technology will disrupt the current way we handle finances. Summers gave a three-part summary of his vision of how distributed ledger technology will take hold and in the end Bitcoin will likely fall to the wayside. The moderated....
The majority of financial service executives believe blockchain technology will be hugely important to their industry over the next 10 years, according to a survey sponsored by Synechron, a global and technology consultancy based in New York, N.Y. The TABB Group conducted the survey on behalf of Synechron, and it included 92 banking and capital markets institutions. The survey queried executives directly involved with technology decisions about the potential of blockchain technology and artificial intelligence. More than 55% of respondents said that over the next 10 years, blockchain will....
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency will do better regulated in a sound way instead of being treated as a libertarian paradise. Larry Summers Sees Crypto Benefiting From Strong Regulation Lawrence Summers, who served as the Secretary of the Treasury in the Clinton administration and director of the White House National Economic Council in the Obama administration, talked about cryptocurrency regulation during an interview with Bloomberg Friday. A former chief economist at the World Bank, Summers is currently Harvard....
The global business consulting and technology services provider Synechron conducted a survey in cooperation with capital markets research firm TABB Group on the topic of blockchain technology in financial services. Over 200 senior-level financial services and technology decision makers across the U.S., U.K. and Europe were interviewed for this survey. The outcome of the survey suggests that the vast majority of financial institutions believe in the potential of blockchain technology and that it will be in everyday use in the financial industry within the next 10 years. Of the surveyed....