Blockchain

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Last quote about Blockchain

Norman Chan
Hong Kong and Singapore are the two leading international financial centers in the region and are actively deploying fintech. Collaboration between the HKMA and MAS (Monetary Authority of Singapore) will create significant synergy for the development of fintech and more efficient fund flows between the two markets.feedback
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Oct 25 2017
In this page you'll find all points of view published about Blockchain. You'll find 292 quotes on this page. You can filter them by date and by a person’s name. You can also see the other popular topics. The 3 people who have been quoted more about Blockchain are: Spencer Bogart, Peter Smith and Antony Jenkins. Spencer Bogart specifically said: “Why would anyone pay a premium for this? Clearly the product does not function incredibly well. There's clearly a risk. Somebody could be right about the underlying move of bitcoin but still lose money. To what extent do you value the features (of the trust)? It's really an individual question to answer.”.
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All quotes about Blockchain

Cathie Wood - Ark

[Cryptocurrency] markets are huge. We believe that digital services are as integral, or maybe more integral to our lives, than commodities that are traded on exchanges right now. It's interesting that you've got corn and oil and copper trading on the exchange but you don't have computing power, and bandwidth, and storage necessarily. Well, we think that's going to happen because of blockchain technology and all of the cryptos that are coming along.feedback

Jamie Dimon - JPMorgan Chase & Co.

It's not a real thing, eventually it will be closed. It's worse than tulip bulbs, . It won't end well. Someone is going to get killed.feedback

Lev Loginov

It will have to be a specialist blockchain for property. It will have to be able to demonstrate ownership.feedback

Lisa D. Ellis

Blockchain is getting a tremendous amount of momentum independent of bitcoin in core banking. I think it's real. I do.feedback

Shoshi Bacon

It's been a fascinating and exciting ride. The potential for the future of blockchain [technology] is just amazing. It's a whole new frontier of opportunity.feedback

Bart Stephens

The Blockchain and cryptocurrencies have elicited an emotional response from financial incumbents. The technology is controversial and misunderstood, but that doesn't make it any less real. I would encourage Jamie Dimon and others to do some homework first. It is not a fraud. It is not a Ponzi scheme. It's a robust technology that is going to impact multiple industries. Don't discount it.feedback

Bart Stephens

While Jamie Dimon was making those comments, I was an invited speaker at JP Morgan's offices in San Francisco to give a talk with other fund managers and clients of JP Morgan who are really curious about cryptocurrencies and the underlying Blockchain technology. So there's a lot of hypocrisy going on with Jamie Dimon.feedback

Bart Stephens

For too long, Silicon Valley has ignored the tsunami. Many of my friends who are at generalist VC firms dismiss this stuff out of hand because they're not spending the time to do the homework.feedback

Bart Stephens

[F]or every negative Jamie Dimon, I could point you to two positive Wall Street CEOs like Lloyd Blankfein at Goldman Sachs and Abigail Johnson at Fidelity, who are making constructive comments on both cryptocurrency and the blockchain.feedback

Bart Stephens

Every new technology that is confusing, fast-moving and disruptive is going to be controversial. You'll see people have emotional reactions. That's part of why Blockchain Capital exists. We know this industry requires specialization.feedback

James Disney - Credit Suisse Group

Today, private equity transactions that use leveraged buyouts financed with debt can take 20 to 30 days to close and settle. With Blockchain technology, that could take only a matter of minutes. If you add up all of our volume over the quarter, that's hundreds of billions of dollars we're able to free up and take out of the system to use for other purposes.feedback

Brad Garlinghouse - Ripple

The global payments industry really has been ruled by an oligopoly, led by players like JPMorgan and Citi. It's certainly not that surprising to see Jamie Dimon's comments recently on bitcoin given that they (JPMorgan) control that oligopoly.feedback

Henrik Hjelte

Using a new architecture combining blockchain with database, a consortium database, ChromaWay have made a registry that is transparent, resilient and secure, but also has the traditional database features necessary for a registry.feedback

Anirban Bose - Capgemini

Within this new and dynamic ecosystem, payments industry participants must strategically reassess their roles. Banks must embrace this opportunity to enhance their offerings in collaboration with FinTechs and third-party developers. Breakthrough technologies and significant industry advances, such as Open APIs, instant payments, the blockchain, and regulatory standardization, will encourage collaboration.feedback

Anirban Bose - Capgemini

Within this new and dynamic ecosystem, payments industry participants must strategically reassess their roles. Banks must embrace this opportunity to enhance their offerings in collaboration with FinTechs and third-party developers. Breakthrough technologies and significant industry advances, such as Open APIs[6], instant payments, blockchain, and regulatory standardization, will encourage collaboration.feedback

Patrick Byrne

With blockchain technology, we can create a version of Wall Street where no one can cheat and where all kinds of mischief cannot even occur. Crypto currency gives us a way to communicate value that's outside the control of any government mandarin, and I think that's good.feedback

Angela Walch

The vocabulary around crypto currencies and blockchain technology is very deceptive and misleading. There are many conflations people make and they overstate the benefits and capabilities of the technologies but because the terminology is so much in flux it hides that.feedback

Jimmy Wales

I think Blockchain is a super interesting technology, but there are a lot of fads going on right now ... There are a lot of these initial coin offerings which are in my opinion are absolute scams, and people should be very wary of things that are going on in that area.feedback

Rahul Sood

Blockchain technology works very well for a highly regulated business like ours. It's dangerous to go out there and convince people that this is an investment. You're not getting equity. No voting rights. No shares. You're getting tokens that can be used on the Unikrn platform in meaningful ways.feedback

Jason Kelley - International Business Machines

It allows people to exchange value without knowing the identity of each other necessarily, in a secure way on the back end. On the front end, it's simplicity, transparency and trust. Think of all the cost, time and often waste that happens in the exchange of value – blockchain rids that from the system.feedback

Kristopher Knight

We really wanted to allow for a platform by which these corporations could better utilize technology. It makes us extremely competitive and gives more advantages for companies to form in Delaware. We wanted to create the most innovative environment, … a sandbox if you will, and have all of these corporations feel comfortable in that sandbox trying out new technology.feedback

Eileen Lowry

Finding people with the right experience and expertise in the enterprise isn't easy – but there are people with adjacent skills in software development, cybersecurity, cloud development. Leveraging those skills, as well as industry experts, allows us to bring together many opportunities for people looking to work in blockchain.feedback

Eamonn Maguire - KPMG

Blockchain creates a single source of truth based on the immutability of the data.feedback

Eileen Lowry

It's just a fascinating technology – there are so many different aspects to it from talking about transactions and instilling trust in that. That's my every day, talking to clients as to why they want to instill trust in their transactions and with their clients at well.feedback

Brett Westbrook

I think the interest of celebrities is a bit of a double-edged sword. I personally think that anything that puts cryptocurrencies in front of the eyes of everyday people is a great thing for the markets overall. On the other hand, I believe it's important that celebrities know the importance of their endorsements and understand the underlying principles of Blockchain technology. The last thing we need is a household name promoting what turns out to be a scam ICO.feedback

Brad Garlinghouse - Ripple

Blockchain is like the new big data or AI (artificial intelligence) – too many people are using it as a buzzword and not focused solving a real problem. We like to call them Blockchain tourists! There are many applications that are nothing more than science experiments. There are examples out there that Blockchain is not most applicable for, and that is why Ripple is focused on a real world use case, solving a real (and very large) customer problem, which has converted into commercial traction that is unmatched in the enterprise Blockchain space.feedback

Brett Westbrook

I personally think that anything that puts cryptocurrencies in front of the eyes of everyday people is a great thing for the markets overall. On the other hand, I believe it's important that celebrities know the importance of their endorsements and understand the underlying principles of blockchain technology. The last thing we need is a household name promoting what turns out to be a scam ICO. Although in this sense it stands for Crypto Rules Everything Around Me of which we have been granted a trademark by the USPTO (United States Patent and Trademark Office).feedback

Marie Wieck - International Business Machines

Trade finance is a perfect use case because there are so many participants in a trade ecosystem especially when you talk of global trade. Digitizing and creating a level of trust is a perfect accelerator (for business).feedback

Bobby Lee - BTC China

There is nothing [the Chinese government] can do. That is the beauty of [bitcoin].feedback

Martin Chorzempa

[Chinese consumers] have had such limited channels for so long, and [bitcoin] was finally one that was not tightly controlled by the government.feedback

Bobby Lee - BTC China

They'll want to control it, but bitcoin was not meant to be controlled. You can make all the rules you want, and the question is, can they be enforced? With guns you can say, let's make guns illegal. But with bitcoin, there's nothing physical. It's information, and there's plausible deniability.feedback

Martin Chorzempa

The clampdown thus fits into a broader set of efforts to lessen financial market risks perceived by Chinese policymakers.feedback

James Gorman

The concept of anonymous currency is a very interesting concept – interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that. I haven't invested in it. I've talked to a lot of people who have. It's obviously highly speculative but it's not something that's inherently bad. It's a natural consequence of the whole blockchain technology.feedback

Yvonne Zhang

A lot of the shortfall in trade finance is from the Asia Pacific. There's no shortage of money here – but a lot of it is trapped within local currencies in the region.feedback

Yvonne Zhang

The smaller guys tend to get put into a corner ... yet they are overcharged for what financing they can get.feedback

Seamus Donoghue - Asian Development Bank

The plan is to work with people that want to build the markets that suit them, or we'll build them into our own marketplace.feedback

Chakrit Ahmad

This is the first time anybody has allowed the public to invest in a public junket or become a shareholder of a casino. You're basically becoming a shareholder in a junket, utilizing blockchain technology, getting revenues from that, and plugging that back into the token.feedback

Henry Yu

(ICOs) should make a clear disclosure to the buyers out there, that they don't represent any equities in the companies themselves. I think that's the sort of clarity that the Hong Kong community, particularly the crypto or blockchain community requires.feedback

Jamie Dimon - JPMorgan Chase & Co.

Blockchain is a technology that can be used for multiple things, including cryptocurrency. It could be used for digital dollars, and there are digital dollars already; a lot of the dollars held in our bank are digital.feedback

Jeff Stewart

At the end of the day, companies in the $100 million to $200 million market cap range can't go public. Oracle, Cisco and Intel would be deemed too small to go public today if they decided to list. The tokenization of capital is really the future. It's going to provide new levels of liquidity and new levels of transparency. You already have most of the major exchanges with major blockchain initiatives.feedback

Rainer Michael Preiss

Of course, if you run a very large U.S. bank, most probably you are afraid of blockchain and bitcoin. The concerns are about the fractional reserve banking system, and the balance sheet of the Federal Reserve at $4.5 trillion, where the Fed officially refuses an audit. On the other hand, on the bitcoin blockchain, you have an audit everyday because it's open-sourced.feedback

Aurélien Menant

The market is realizing that it doesn't really matter what happens in China anymore, the exchanges based there no longer dominate trading activity and more mature liquidity from institutional players in Japan, Korea and Europe is providing a boost to this next bull cycle. It's also important to remember that the crackdown in China was targeting the activities of the local exchanges for not complying with the Chinese financial regulatory environment and not a crackdown on bitcoin and blockchain technologies.feedback

Ben Goertzel - Hanson Robotics

It's a decentralized, open market for AIs in the cloud so anyone who develops an AI can put it into the SingularityNET, wrap it in our cryptocurrency-based smart contract and then the AI they put there can help to serve the intelligence of robots like Sophia or any other robots or any software programs that need AI.feedback

David Coker

What is surprising however is that even as Mr Dimon openly criticises Bitcoin, JP Morgan is quietly advancing its own, proprietary crypto ledger, Quorum. Quorum is based on Ethereum, a blockchain project broadly similar to but somewhat different than Blockchain, which backs Bitcoin. So one can't help but wonder if Mr Dimon's comments regarding cryptocurrencies would apply to JP Morgan's own offerings, should they come to market?feedback

Mark Lipacis - Jefferies

We think that the risk of a 'crypto-driven' inventory correction driving material downside is low in the near term. We actually believe that the technology they are based on, called Blockchain, which supports secure accounting of distributed ledgers, has applications in financial services beyond cryptocurrencies. We expect demand for Blockchain GPUs (including for cryptocurrencies) to continue to grow and become an important driver for GPU growth, even if with some degree of volatility.feedback

Eric Zhao

Exchanges are not what give value to blockchain assets like bitcoin. It is the intrinsic technology and numerous applications who play decisive roles. From an investment aspect, while short-term speculators might find it harder to trade, long term investors are not that affected. Just inconvenience for the most part.feedback

Ajmal Samuel

With the advent of blockchain type of technologies, a lot of innovation is starting to happen, which opens up room for parties like us to go in and make these networks fully accessible to the community.feedback

Mark Russinovish - Microsoft

Microsoft believes blockchain is a transformational technology with the ability to significantly reduce the friction of doing business, especially streamlining business processes shared across multiple organizations. Marine insurance is a prime example of a complex business process that can be optimized with blockchain.feedback

Lars Henneberg - Maersk

It is a priority for us to leverage technology to streamline and automate our interaction with the insurance market. Insurance transactions are currently far too tedious and frictional. The distance between risk and capital is simply too far. Blockchain technology has the potential to facilitate the desired development that is long overdue.feedback

Doug Barrowman

This is a project I have worked very hard on for some time and the Dubai development is the pinnacle of design, architecture and commerciality. That said, I didn't feel this was enough. I wanted to offer the property, tech and blockchain community a unique and exclusive opportunity by merging the property and tech sectors together in a true first for the industry.feedback

Oliver Bussman

The initial coin offering is a new business model leveraging blockchain technology and it will remain. This is not the end of the ICO – absolutely not.feedback

Alex Batlin - BNY Mellon

Blockchain is a really good, resilient system. The interesting thing about bitcoin is since its inception, no one's cracked it. Yet it's completely in the open.feedback

Antony Jenkins - Barclays Capital

And while we're not there yet, we will be there over the coming five, ten, fifteen years, and that has the effect of squeezing out a huge amount of margin and profit for the banking system, which is basically made out of inefficiency.feedback

Antony Jenkins - Barclays Capital

Over time what you could see for example, is a mortgage being granted in 10 minutes, you could see a letter of credit being granted in two minutes, those types of things. And while we're not there yet, we will be there over the coming five, ten, fifteen years, and that has the effect of squeezing out a huge amount of margin and profit for the banking system, which is basically made out of inefficiency.feedback

Antony Jenkins - Barclays Capital

We are building the platform now. We'll launch with Virgin Money, our first client, next year. And we're in discussions with a number of other banks and subsequent clients.feedback

Antony Jenkins - Barclays Capital

I think what we see in all industries, especially in financial services, is that incumbents (banks) tend to be quite good at innovation – they throw a lot of resources at that – and then the transformation is much harder for them. If you look at all the interesting work on transformation, it's really going outside the big incumbents. And the incumbents themselves are starting to realize this.feedback

Kaspar Korjus

An ICO within the e-Residency ecosystem would create a strong incentive alignment between e-residents and this fund, and beyond the economic aspect makes the e-residents feel like more of a community since there are more things they can do together. Additionally if these estcoins are issued on top of a blockchain (they could possibly be issued in multiple formats at the same time, nothing wrong with this) then it would become easy and convenient to use them inside of smart contracts and other applications.feedback

Frank Yiannas - Wal-Mart Stores

As an advocate for greater transparency in the food system to benefit customers, Wal-Mart looks forward to expanding on our initial work by collaborating with others to accelerate exploration on how this technology can be used as a more effective food traceability and food safety tool. Blockchain technology enables a new era of end-to-end transparency in the global food system, equivalent to shining a light on food ecosystem participants that will further promote responsible actions and behaviors.feedback

Brigid McDermott - International Business Machines

We see other industries like energy, healthcare and marketing, looking at transformation that really could be happening. And I think it's partially because the transformation you see happening with blockchain can come from different areas.feedback

Howard Popoola - The Kroger Company

Yes, the industry is cautious because this could be the next best thing since sliced bread, but you wouldn't say everything was fine and dandy after a trial you had with just two suppliers. The key right now is to involve suppliers and retailers and see how well we can share data to oil the IBM blockchain machine. This is an opportunity for us to speak with one voice and say to the world that food safety is not going to be a competitive issue.feedback

Marco Dunand - Mercuria Energy Group

The energy industry will have to digitalize more and more in oil production, refining, shipping. So traders will also have to participate. It is a pre-archaic process. So introducing blockchain will allow to pass title from buyer to shipper to seller without going through massive paperwork of bills of lading.feedback

Peter Smith

Our businesses and homes will become highly automated and most of our appliances will be connected to the internet. There will be limitless customization fueled by AI and massive data platforms that will be able to anticipate customer needs and deliver goods and services instantly. Customers will be able to get what they want, when they want. It is not unlikely that stores will be replaced by [virtual reality] experiences. Everything will be automated.feedback

Peter Smith

Today, the majority of consumers prefer to purchase online or digitally, driving rapid growth in e-commerce and online shopping. This change is going to cause retail stores to be replaced by showroom type experiences where consumers can still have a tactile experience but inventory management and delivery will happen in the background.feedback

Peter Smith

It's vital that everyone becomes fluent in digital technologies. Your business may not be a technology company in the traditional sense, but it will need to use technology to compete in a global marketplace. Having a foundational understanding will be an integral part of your success.feedback

Peter Smith

While we'll still eat food, go to work and travel on vacations, the ways in which we do these things will be drastically altered thanks to generation-defining changes in technology. In fact, I predict that by 2037 a complete global computer fabric will make interacting with goods, services and people easier than ever. Citizens of the world will be more closely connected through technology, communication and networks.feedback

Peter Smith

We're still in the little by little phase but I anticipate progress will compound in the coming decades and we'll see ubiquity of these technologies in 20 years' time. The rate of change is going to get increasingly faster and catching up will only get harder, so it's key for individuals and businesses to stay (or become) nimble and able to adapt to an ever changing environment.feedback

Hadley Stern

I do think [cryptocurrencies] will make things, whether it's bitcoin or something else, faster and cheaper and create new products and services that we can't even imagine.feedback

Hadley Stern

The big story is you can transfer value through software and software alone. This is a huge societal breakthrough.feedback

Valery Vavilov - Bitfury

A blockchain-based medical records system could safeguard patient data and allow for improved interoperability between doctors and hospitals, while also giving patients more ownership over their own records.feedback

Jensen Huang - Nvidia

Cryptocurrency and blockchain is here to stay. The market need for it is going to grow, and over time it will become quite large. It is very clear that new currencies will come to market, and it's very clear that the GPU [graphics processing unit] is just fantastic at cryptography. This is a market that is not likely to go away anytime soon, and the only thing that we can probably expect is that there will be more currencies to come. It will come in a whole lot of different nations. It will emerge from time to time, and the GPU is really quite great for it.feedback

Jen-Hsun Huang

Cryptocurrency and blockchain are here to stay. The only thing we can probably expect is that there will be more currencies to come…We have the ability to rock n' roll with this market as it goes.feedback

Oliver Bussmann

ICO as a new business model leveraging blockchain technology will sustain as the digital way, combining crowdfunding and (a) new hybrid asset class of equity ownership and currency.feedback

Fran Strajnar

There's no infrastructure available out of the box, to support BCC [Bitcoin Cash]. The network needs further support and infrastructure needs to be as easy as bitcoin; otherwise it's over for BCC.feedback

Greg Dwyer

We do not want to support any behaviour whereby anyone can potentially split the bitcoin blockchain and effectively create free money out of nothing.feedback

Charles Hayter

The creation of Bitcoin Cash is certainly a pivotal moment for Bitcoin and its community. The inception of Bitcoin Cash may prove to be exactly what Bitcoin needs.feedback

Iqbal Gandham - eToro

Demand for Bitcoin has been so high in recent months, that those creating the cryptocurrency can't keep up, slowing transactions.feedback

Fran Strajnar

Most will likely hold as it's free, just to see what happens or for hedging. However a majority of everyday users, traders and investors are vocal about market dumping their free tokens as soon as they can. If there's any legs at all to Bitcoin Cash or if the miners backing it deploy large scale and sustained attacks on bitcoin, then Bitcoin Cash may survive its initial violent birth.feedback

Matthew Roszak - Bitcoin

This entire process will be a key test for bitcoin in its evolution beyond a store of value and show its potential to grow into something much greater.feedback

Iqbal Gandham - eToro

For bitcoin to continue to scale and have the potential to become a globally used currency, this slowdown in transactions has to be addressed.feedback

Charles Hayter

This means that the two sides that were once debating within Bitcoin, can instead apply their different views of what the cryptocurrency should be in two different blockchains.feedback

Ryan Shea

I think if you have a few venture capitalists that come in and sweep up all the tokens, to me that's a failed token sale.feedback

Ryan Shea

Tokens can galvanize a community: lots of individuals and corporations are able to work together and improve a decentralized network.feedback

Jake Brukhman

People who provide value are those who have insight on how blockchain works. I think venture capital firms are two years behind on blockchain.feedback

Jamie Burke

The day when venture capital firms were the elusive elite and primary source of capital for startups has ended. When a startup can raise $35 million in 30 seconds without any dilution, the genie is out of the bottle and it isn't going back in.feedback

Fred Wilson

The investors who bought your token, like public market investors, may be gone tomorrow, next month, or next year, having moved on to the next big thing. The venutre capitalis, at least the best ones, are there for your company in good times and bad.feedback

Brock Pierce

Whether VCs like it or not, venture capital will become a very small part of capital formation.feedback

Peter Rutten - International Data Corporation

The pervasive encryption that is built into, and is designed to extend beyond, the new IBM Z really makes this the first system with an all-encompassing solution to the security threats and breaches we've been witnessing in the past 24 months. The IBM Cloud Blockchain Service is the most successful enterprise blockchain platform because it's the most secure. That data protection flows from the IBM Zencryption engine underneath the service which is transparent to the application and the user. This is a powerful tool to differentiate many cloud services in what is becoming a trust economy.feedback

G-J van Rooyen

Whether you call it a post-capital economy or a new peer-to-peer economy, it's magical. We can employ a community of anonymous individuals, doing things that have tangible value … for all the excitement about the blockchain, there's a heck of a lot you can do with traditional cryptocurrencies like bitcoin.feedback

Leonid Bershidsky

What they're selling is not exactly snake oil, though it can work as a placebo for panicky candidates who are down in the polls with weeks to go before Election Day. But just like artificial intelligence or, say, the blockchain, [data science has yet to produce] killer apps that can ensure a political victory or business success.feedback

Deepak Krishnamurthy - SAP

The policy is to continue driving organic growth. We have innovations in artificial intelligence, machine learning, blockchain, Internet of Things around the SAP Leonardo platform. That's what's going to be the focus.feedback

Deepak Krishnamurthy - SAP

So letters of credit, contracts, smart contracts – all of these things will be automated and that's going to be net value creating for SAP and the customers. It's not a zero-sum game.feedback

Deepak Krishnamurthy - SAP

We believe blockchain will complement our supply chain. We have the largest supply chain product in the enterprise software industry, so having blockchain supply chains connect with SAP supply chains is going to be value-creating for our customers.feedback

Christopher Woolard - Financial Conduct Authority

We don't prohibit regulated firms from engaging in digital currency trading, nor do we prohibit banks from offering banking services to deal with currency firms that use [blockchain]. I am not saying that we view digital currencies as an inherently bad thinghellip; but we do have to exercise a degree of caution.feedback

Wiebe Draijer - Rabobank

There are many many tests and every bank and every fintech is experimenting with use cases of blockchain. We are moving a step further with seven banks, putting together an application based on blockchain where we facilitate small-and-medium-sized enterprises when they export. And the blockchain technology is very powerful and supports that proposition.feedback

Wiebe Draijer - Rabobank

We take care of the payment that's still the old payment technology, but the whole infrastructure, the administration is done on the blockchain. And ultimately we will also move the payment into that blockchain solution, when the payment in blockchain is ready to be robust for large scale application.feedback

Antony Jenkins - Barclays Capital

This is just in the footprints of what's going to happen here. As these technologies season and develop, we can imagine total transformation of the banking system, using blockchain for example, in a world where banks don't really exist anymore.feedback

Peter Smith

We are really focused on scaling to meet the record demand we are getting in the market. We started raising this round before the run up in the cryptomarket. It was good timing in the end because while we were closing the round, we were massively up on every level. Our traffic has been growing 15 percent week over week in last two weeks.feedback

Amos Meiri

We're working with a few of the biggest companies in the world who want to implement their own currency, their own user base. We're talking about millions of users.feedback

Amos Meiri

We're the only company in the world that has a production-ready tool, with hundreds of thousands of users using those tools. What we did is we developed what we call an economy in a box. A solution to manage digital currencies on top of the blockchain. Saying blockchain is just like saying 'the internet' in the 1990's. In the internet you have e-commerce and so many other things, so yes, there are a lot of blockchain companies but we're doing digital currencies that are pegged to real value.feedback

David Treat - Accenture

Without an identity you can't access education, financial services, healthcare, you name it. You are disenfranchised and marginalized from society. Having a digital identity is a basic human right.feedback

Valery Vavilov - Bitfury

Blockchain technology can bring transparency and security to the insurance industry, and can be a catalyst for new insurance business models. Risk Cooperative brings the very best in insurance industry expertise and vision for these new business opportunities, and we look forward to harnessing Blockchain to take our ideas from concept to reality.feedback

Dante Disparte - Bitfury

This system will speed up the underwriting process on a secure platform.feedback

Amit Harel

One of the trends we're seeing is that we used to have mostly blockchain startups but now we see companies that are utilizing blockchain for their business objective… We're seeing it with merchants, goods, diamonds, art, shipments.feedback

Meni Rosenfeld

There's a lot of hype about ICOs currently. Bancor raised a lot of money, which is nice but it leaves you to wonder whether they actually need all this money and whether the issuing was valuated correctly. I think it's a bit inflated right now, this whole economy of investments in ICOs but even after the dust settles it will still be a new innovative way to raise money, with more and more investors and VC funds looking to get in on the action.feedback

Amit Harel

To say that it will have the same percentage as cyber, or automotive or fintech, probably not but as a niche that is driving other industries and is providing out of the box innovation, we think it has in Israel huge potential.feedback

Roy Keidar - Yigal Arnon

A lot of Israelis work in the fintech industry and they're looking for additional and innovative ways of doing business and getting cash, finding investments, doing crowdfunding, you have a lot of that in Israel. There's not enough certainty, which keeps some of the investors away but as usual, the movers and shakers, the early adopters are really into it.feedback

Hagai Zachor

The blockchain technology as a whole gained much interest for things such as supply chain security from many international companies that are now focusing on Israel for the next round.feedback

Carol Barton - American International Group

There's a lot of back and forth and it's all through e-mail chains going around the world, instead of a centralised system.feedback

Sam Chadwick - Thomson Reuters

A lot of the financial use-cases rely quite heavily on knowing and including real-world data, but there is really no way to do it.feedback

Sumit Roy - ETF.com

The SEC can either help investors by allowing a regulated ETF that trades close to NAV come to market, or stand in the way and see those same investors hurt when they buy bitcoin directly from untested exchanges or through the flawed GBTC.feedback

Spencer Bogart

A lot of investment managers have a mandate that they must be invested in registered securities. Spot bitcoin is not a registered security. Really, it's the best that we have available. This put a traditional wrapper around an otherwise esoteric asset. It was something people could touch. They really wanted exposure and this was the only way to do it.feedback

Spencer Bogart

Why would anyone pay a premium for this? Clearly the product does not function incredibly well. There's clearly a risk. Somebody could be right about the underlying move of bitcoin but still lose money. To what extent do you value the features (of the trust)? It's really an individual question to answer.feedback

Sumit Roy - ETF.com

For investors buying into the fund, such large premiums are a disaster waiting to happen.feedback

Jean-Jacques Louis

An investment in Stratumn was a natural development for us given the experimentation projects we have successfully executed with Richard and his team over the past year. We look forward to furthering our relationship between Stratumn and our technology team by collaborating on developing and applying unique financial technology that will bolster and strengthen the current and next generation products for our customers and ourselves. This approach fits with the mission of Nasdaq and, in particularly, our newly formed Nasdaq Ventures.feedback

Richard Caetano

We are very pleased to have successfully closed this Series A round, which represents a major milestone for Stratumn. Our new investors will enable Stratumn to continue and accelerate its development and more effectively address growing needs in our markets.feedback

Timothy Enneking

We can actually now apply much more sophisticated tools to a portfolio of investments. I don't think the world has seen but the pointy end of the spear in terms of what's going to happen in cryptocurrencies. It's not nearly as different as the average fiat investor thinks it is. It's better, faster and with less regulation, which isn't always good.feedback

Elvira Nabiullina

I think it's more important to understand (the) benefits of new technologies … like blockchain which is on the basis of bitcoin.feedback

Fred Wilson

It will probably be a long time before people understand what a blockchain currency is. I think there's a ways more we could go before the whole thing could come undone in a massive way.feedback

Fred Wilson

By the end of this decade, we should start to see native blockchain applications receiving massive adoption.feedback

Grahame Johnson - Bank of Canada

DLT is probably not going to push the current systems out of the way. But it did open up a whole bunch of avenues for more work.feedback

Spencer Bogart

The big driver of the rally seems to be what's going on in Japan and Korea. In Japan, recently there's been a change to acknowledge bitcoin as a legal payment method. That in and of itself wasn't significant as, generally, people don't like to spend bitcoin; they like to hold it.feedback

Spencer Bogart

That's been the story of bitcoin. A lot of times it's just sitting there doing nothing, and then either something falls apart in a particular corner of the world or in some corner of the world, some regulatory agency decides to be favorable to bitcoin, and then you see these random rallies. Then as you begin to rally, speculators pile in and it becomes a self-perpetuating cycle.feedback

Spencer Bogart

Their reason for disapproval was the underlying markets for bitcoin, which haven't changed in the weeks since they made their decision. One of the issues was that Bats hadn't set up surveillance-sharing agreements with the major exchanges on which bitcoin is traded, with the purpose of identifying and stomping out market manipulation. Even if they did, a lot of those exchanges reside in jurisdictions that don't have much of a regulatory body that can go and take action against people that are doing something bad to the market.feedback

Spencer Bogart

But Japan's move provides some regulatory clarity, and now there are major tech companies that want to open up bitcoin exchanges in Japan. So what you saw was volume in existing bitcoin exchanges in Japan went through the roof and pushed the prices up. Koreans look closely at Japan and tend to imitate a lot of activity there, so there's been a lot of demand from that area of the world also.feedback

Spencer Bogart

It is possible that, in the short time period from when the SEC disapproved to when the petition was granted, there was a significant regime change at the SEC. You could have a different group of people who want to review the matter because they aren't sure the decision to disapprove was a good choice. I've heard whisperings that there are many people within this administration who are friendly or at least amicable to digital currencies like bitcoin.feedback

Stan Miroshnik

We are very cautious. This is something that should be coming from the community and projects related to blockchain.feedback

Brian Pow

The whole idea is to ensure there is natural price discovery, so that you as a buyer have access to all the transactions that are taking place instantaneously. What it should do is narrow the spread on pricing.feedback

Jason Hamilton - Bitcoin

People are buying a specific blockchain, but the big interests are in the technology. They'll probably make their own clones and the ether tokens everyone is buying won't be used for much except trading. Who knows, though. I don't usually trade ether. I'm afraid of that bubble bursting, but it could go on bubbling up for a long time still.feedback

Charley Cooper

You are going to begin to see the roll out of the enterprise grade Corda platform. You will see the beginning of the network standing up – connecting investors and members on nodes on the software. What is of more interest is that we are partnering with various different companies around the world to build applications to be sold to the world for real world applications that will be out by the end of the year.feedback

Charley Cooper

We cultivated as broad an investor community as possible so one or two banks weren't controlling the consortium. Now there is a relatively equal investment and relatively equal voting rights, and this is very much a collaborative consortium where the community is driving the conversation rather than one or two investors.feedback

Alistair Cross

There's got to be consolidation in all this because if everyone comes up with their own offering it will be too burdensome, it will kill itself.feedback

Alistair Cross

There's going to come a time that from the wellhead to the gas tank, the physical production to the administrative will not be touched by humans. It's happening and we need to get on board.feedback

Chris Ballinger - Toyota

Hundreds of billions of miles of human driving data may be needed to develop safe and reliable autonomous vehicles. Blockchains and distributed ledgers may enable pooling data from vehicle owners, fleet managers, and manufacturers to shorten the time for reaching this goal, thereby bringing forward the safety, efficiency and convenience benefits of autonomous driving technology.feedback

Alistair Cross

The number of phone calls I've had from people in the last month once they heard we had done this has been incredible, . With paper flow, it takes 10 to 20-plus days to get the documentation in order, and we did it in two days, so it's not a stretch to imagine that the working capital cycle can leverage much more effectively.feedback

Julio Faura

The enthusiasm around EEA is remarkable. Our new members come from varying industries such as pharma, mobile, banking, automotive, management consulting, and hardware as well as the startup community driving innovation. It's great to see everyone come together and build the next generation of our economy on Ethereum blockchain solutions.feedback

Richard Payne - Accenture

Once you have the transparency, the visibility, the digital trust...it means a challenge to the value that they add to that process.feedback

Vivek Ramachandran - HSBC

We learned that it could be done, but there were quite a few restrictions with the technology itself... particularly around the scalability and security.feedback

Guy Halford-Thompson

When you start to think about some of the (possible) efficiencies in that environment, it's astronomical.feedback

Talib Dhanji

If you're a proprietary trader with your specific strategies that make you a lot of money, you're not in the business of sharing that with anybody.feedback

Keith Bear - International Business Machines

Clearly it needs a number of banks and a number of buyers and sellers, enough to get a critical mass to make a business network valid.feedback

Kris Van Broekhoven - Citibank

You don't want to give away your intellectual property or your market knowledge, access to clients, to fintech companies for the privilege of paying for that technology for the rest of your life. So it's not an easy discussion.feedback

Emin Gün Sirer

In the initial days of bitcoin, people...didn't realize they were recording for posterity on the blockchain every financial transaction that ever took place.feedback

Tom Robinson

I wouldn't say they would be completely untraceable, there are techniques to de-anonymise those payments, and the thing with the blockchain is the transaction details stay there for ever, so if the analytic capabilities improve in the future you can never guarantee that you wont be de-anonymised at some point.feedback

Tom Robinson

It's not technically correct to say that bitcoin users are anonymous, they're pseudonymous, by which I mean every bitcoin transaction ever made is recorded in this public database known as the blockchain. What we don't have recorded are any identities, so we can see that bitcoins are going from address one to address two, but we don't know who controls those addresses by default.feedback

Greg Schvey

Having the support and domain expertise of a world-class institution such as Citi will allow us to execute our vision even more broadly and rapidly - we are delighted to have Citi join Axoni's investor group.feedback

Zar Amrolia

We are keen advocates of using new technology to transform market infrastructure, increasing transparency and efficiency for all participants. We are delighted to be part of the Cobalt initiative to reduce risk and cost in post-trade FX and we look forward to working with them and other members of the network to transform the landscape.feedback

Adrian Patter

We've got significant endorsement from two of the largest institutional FX trading participants in the market, who are leaders in technology. Our goal is to be the ledger for the post-trade FX market. What we're trying to do is to have a one-time reconciliation for FX transactions - a golden record - and post that transaction and cashflow information onto one distributed ledger.feedback

Neel Kashkari - Federal Reserve

I think sentiment has shifted in the markets, in the Fed. I would say I think conventional wisdom now is that blockchain and the underlying technology is probably more interesting and has more potential than maybe bitcoin does by itself.feedback

Tim Draper

The best thing I can do is lead by example. Over time, I actually feel that some of these tokens are going to improve the world, and I want to make sure those tokens get promoted as well. I think Tezos is one of those tokens. I think most investor contracts did not anticipate something like an ICO. But we did anticipate that certain things are going to happen and finance is going to be transformed.feedback

Kathleen Breitman

What we're going to do is allow as many people who want to buy into the crowdsale over a two-week period.feedback

Jimmy Wales

If you take a look at Wikipedia, it's noisy and not a perfect place, but for true fake news, there's been almost no impact on the Wikipedia community. The volunteers are experienced enough to know it's nonsense, and have an ethos saying: 'No, we're here for neutral facts': that community knows it from the ground up. If you take as an example the bitcoin community, they're a very active and obsessed community. There's a lot of news that comes out in the field, and I think they'd love to be able to raise money to hire a journalist and put them on the bitcoin/blockchain beat.feedback

Igor Telyatnikov - AlphaPoint

There is a higher level of traceability and audit that comes with blockchain technology because participants are provided with a permanent, immutable record of ownership and chain of ownership and custody.feedback

Sandra Ro

This is the first digital gold product that is institutionally targeted - and the first to work with a government entity - to be currently in a live testing state. An RMG is a digital representation of real gold sitting in the Royal Mint vaults.feedback

Hadley Stern

What IC3 brings is that academic computer science legacy that can help us explore how this technology can be applied.feedback

Amit Sharma - BMO Capital Markets

Sooner rather than later, blockchain and IoT will converge. And the cryptographic algorithms being used by Blockchain will obviously help us to protect this data. We believe best is to give control to customers. So they can modulate their data and they would have clarity as to what to share and what not to share with the third-party service providers.feedback

Chris Burniske

At the same time, bitcoin's market cap has gone from $19 billion to $16 billion. Hence, bitcoin's market cap has lost $3 billion in value while the combined market cap of all other blockchain assets has added more than $3 billion. Given these market indicators, it would appear investors are diversifying their blockchain asset holdings, positioning themselves for a generally rising tide in this emerging asset class.feedback

Richard Brownstein

In essence, the blockchain is helping to keep both parties honest through transparency.feedback

Aurélien Menant

With the recent bull run on bitcoin due to the anticipation of the SEC decision on the bitcoin ETF, traders had more bitcoin purchasing power that they could use to exchange for other blockchain assets such as ether. With the ETF rejection, ether benefitted from this liquidity spillover, as traders saw more value in exchanging bitcoin for another cryptocurrency, with long-term promise, rather than fiat.feedback

Lou Severine

By enabling guaranteed digital media contract trading with efficiency, transparency and ease and providing the proprietary matching engine and trading tools trades require, NYIAX helps advertisers and publishers dominate the $72 billion US digital advertising landscape they command. Once the exchange achieves critical mass within digital, we will begin supporting TV, print, radio and out-of-home markets.feedback

Adam Davies - Altus

In terms of price this year, I think it will go up to $3,000. As it becomes more pervasive and more generally accepted, I think you'll see rapid growth in adoption. People are unsure about what is going on in the world, and digital currencies unlike the U.K. pound sterling have been hit badly because of Brexit, so people are looking to divest into bitcoin. There is a definitely upward trend. So the drivers will be hedging against currency fluctuations and insecurity in the markets.feedback

Guy Shone

Integration of new technologies such as Blockchain and more efficient ways of accessing data offers some hope here. Brands with very large pools of customers can start to look at how they can offer more pre- and post-flight services that save customers time and increase security. Increasingly, tech and data will be called on to create services with better margins, such as real time frequent flyer tokens that can be traded as soon as they are accrued. Time saving tech and leveraging loyalty will help the biggest brands fight back.feedback

Bridget van Kralingen - International Business Machines

Working closely with Maersk for years, we've long understood the challenges facing the supply chain and logistics industry and quickly recognized the opportunity for blockchain to provide massive savings when used broadly across the ocean shipping industry ecosystem.feedback

Dilip Rao - Ripple

With distributed ledger technology, it doesn't matter because the little guy can speak to another little guy and it's just as cheap if they did 10,000 transactions or two.feedback

Emi Yoshikawa - Ripple

The objective of the consortium is to make domestic and corporate payment efficient by taking advantage of the latest distributed ledger technology available in the world.feedback

Dilip Rao - Ripple

They have had a lot of interest in bitcoin, blockchain and is more aware of cryptocurrencies.feedback

Antony Jenkins - Barclays Capital

When you've got a dominant position you've got a lot to lose and so it's very, very hard to innovate. The more innovative places in the world are the places where there is no banking system, or a very limited banking system, because there's nothing to cling onto. It's happening more quickly than I thought.feedback

Peter Cherecwich - Northern Trust

We decided to focus on the private equity market because the marketplace is very manual today. Benefits should include a reduction in cost.feedback

Andre Boysen

That's why DHS is interested, because now we have scalable market service with very, very good privacy and that's what we're using blockchain for. It helps us implement blinding.feedback

Steve Hales - Generali

We are excited to join this new initiative and look forward to playing an active part in it. It represents another milestone that confirms our commitment to creating value for our customers by embracing new technology which in turn can be used to mitigate risk and improve efficiency. The blockchain initiative is particularly important in insurance where the secure and efficient exchange of information can benefit from disruptive technology that could eventually lead to game-changing applications.feedback

Dirk Slama - Bosch Software Innovations

We are seeing tremendous potential for the application of blockchain in industrial use cases. Being able to create a tamper-proof history of how products are manufactured, moved and maintained in complex value networks with many stakeholders is a critical capability, for example for quality assurance and prevention of counterfeits. This must be supported by a shared blockchain infrastructure and an integrated Internet of Things protocol.feedback

Brian Behlendorf - Linux Foundation

China is really interested in blockchain. They're looking at this as a leapfrog technology. Can you take a very backward, very paper based market, and reinvent that using blockchain?feedback

Joe Pindar - Gemalto

Securing identity for physical property and packaging is going to be a big business opportunity over the next decade, high value parts of logistics supply chains and regulated industries like energy, pharmaceuticals, and cold chain could all see a blockchain component over the next decade.feedback

Yew Kiat

Blockchain is a fast emerging technology allowing effective secured value transfer over the internet. Our collaboration with BitFury will further cement our leadership position in the use of Blockchain technologies across our FinTech platforms, taking Credit China Fintech to a new level of competitiveness.feedback

Greg Li

The blockchain has profound potential to fundamentally revolutionize the ways in which enterprises operate, governments manage and consumers interact.feedback

Zennon Kapron

It's all nice you have a blockchain solution, but being able to integrate that back into your existing systems in a sensible way is where a lot of these organizations will be challenged.feedback

Simon Lance

Demand is increasing rapidly and shows no sign of slowing. We expect similar levels of year-on-year growth in 2017.feedback

Steven Shen - Robert Walters

The market isn't lacking people who know how to design simple systems on blockchain, rather people who have a broader understanding of how to put blockchain to use.feedback

Paul Meeusen

It's significantly enlarged and truly international in scope – all the way from Asia through to the Americas. If we don't move, it could well be that technology companies will move, and they will start offering insurance. If the growth is going to come from high-growth markets, we start realizing that pushing the old machinery into the new markets may not work. We have to reinvent ourselves, our processes and the customer experience.feedback

Jens Weidmann - Deutsche Bundesbank

Getting a clearer picture of fintechs' business activities is essential if we are to better understand whether and in what way they might pose a threat to financial stability. Many believe the most disruptive potential is to be found in blockchain or distributed ledger technology, which promises to allow payment transactions and securities settlement to bypass banks and central counterparties altogether.feedback

Eric Jing - Ant Financial Services Group

We have an ambition to be a global company. So my vision (is) that we want to serve 2 billion people in the next 10 years by using technology, by working together with partners … to serve those underserved.feedback

Marco Dunand - Mercuria Energy Group

Going forward the challenges will be on the legal side as the blockchain technology is still not recognised by many governments. So banks are now working with various jurisdictions to make sure it can work worldwide.feedback

Marco Dunand - Mercuria Energy Group

The energy industry will have to digitalise more and more in oil production, refining, shipping. So traders will also have to participate.feedback

Jeff Schumacher

We've got a really big bet on blockchain, that is some of the most disruptive technology we've seen since electricity. When that starts to come, I think there's going to be a host of new models that come out of that … that's where we probably get excited about what's the next bet.feedback

Dave Birch

A lot of people said they would get into blockchain because they thought it was sort of magic.feedback

Alex Tapscott

2016 was a coming-out party of sorts. 2017 will see the technology reach a certain level of critical mass of understanding.feedback

Jon Matonis

A global and open blockchain ... lends itself very well to current anti-establishment sentiment. The general theme is removing the role of a third-party auditor or enforcement agency.feedback

Dave Birch

It took on quite mystical capabilities this (past) year. I kept reading things on the internet about how it would solve poverty, eliminate hunger.feedback

Adam Krellenstein

Many blockchain platforms announced the beginning of projects in 2016 that will never be completed. In some cases, the technology simply didn't work. In others, implementation is taking longer than expected.feedback

Nick Williamson

You're still going to see more and more use-cases and resources being put into financial services, so that pie will still grow. But a larger percentage of use-cases ... will be non-financial.feedback

Timothy Sloan - Wells Fargo

Innovation plays a very important role for me as the new CEO of Wells Fargo as we rebuild trust in the company.feedback

Ginni Rometty

Blockchain is so profound it will do for trusted transactions what the internet did for information.feedback

Cathy Bessant - Bank of America

We all have mounds and mounds of data, but getting data to produce insight, that is the holy grail.feedback

Ajay Banga - MasterCard

The idea of having up to 50 billion connected devices in the next few years is exciting. I also think it's scary. The scary part of it is the cyber-security.feedback

Mike Bodson

The project will prove to the industry that it (blockchain) is a powerful technology that can deliver benefits.feedback

Mike Bodson

The test showed that distributed ledger technology could handle all the various types of events processing needs for credit default swaps and it showed that it could be done at a lower cost point than what can be done with our existing infrastructure.feedback

Aurélien Menant

The bitcoin price surge is enabling traders in this space, who tend to be bitcoin heavy, to diversify their blockchain asset portfolios, and allocate greater weight to other cryptocurrencies such as ether, which until recently have been relatively undervalued.feedback

Aurélien Menant

Blockchain asset traders with extensive experience in more traditional financial markets are likely to be wary of the recent bitcoin price surge and instead of cashing out into fiat currencies, that may be equally volatile this year, are heading to alternative blockchain assets.feedback

Valery Vavilov - Bitfury

The GBBC will provide a much-needed forum for businesses, innovators and technologists to come together and explore the many opportunities that blockchain technology has to offer. This is a crucial step in the global advancement of blockchain technology.feedback

Hu Liang - State Street

The aim is to enhance the operational aspect of securities lending. In a lot of cases there is no automated linkage to say which account it (the collateral) should go back to.feedback

Roy Sebag

It's no different than what gold or silver used to do, but in digital form. You're circumventing the banking system and you're able to exchange value instantly with no settlement delays.feedback

Seth Phillips

The pilot has been very useful in helping us further refine the Bankchain platform. The level of engagement from market participants was extensive and they were excited by settlements enabled on a real blockchain for the first time and to see how quickly their feedback could be incorporated into the platform.feedback

James Bindler

We have been impressed with the way Cobalt DL is redesigning the post-trade FX infrastructure with its practical implementation of distributed ledger technology. The Cobalt DL solution has the potential to significantly improve post-trade services by cutting costs and reducing risk for our industry.feedback

Andy Coyne

Probably we will do a second round next year. The goal is to get a group of investors that know the market, but that will be institutional players.feedback

David Schatsky - Deloitte

It is fair to say that industry is still confused to a degree about the potential for blockchain. More than a quarter of surveyed knowledgeable execs say their companies view blockchain as a critical, top-five priority. But about a third consider the technology overhyped.feedback

Emmanuel Lumineau

While the majority of property investors view blockchain as a core part of the future industry landscape, investors have correctly highlighted many of the challenges ahead, most notably at a legal and regulatory level. It will be a far from straightforward journey to overcome the status quo.feedback

Katrina Westerhof - Lux Research

Power is a logical use case for a few reasons: units of power and energy are a strong fit for so-called smart contracts based on blockchain, and meters can feed data directly into blockchain logic. Power also relies on cumbersome trading and clearing systems to support complex markets, and blockchain can help create a leaner distributed system that can cut out intermediaries and associated fees.feedback

Dan O'Prey

This is the output of two years of hard work and confronting production requirements.feedback

Sandra Ro

We spent the greater part of this year with the Royal Mint working through the fact they wanted to launch a digital gold product and looking at all the available technologies that were out there. This is not about just applying blockchain just because it is blockchain. This is about looking for what the best delivery mechanism is that could also help us to scale at a global level over time.feedback

Anthony Di Iorio

Jaxx really started taking off over the past months, and that's really where my passion is. I prioritize the things that are really important to me, and that's the No. 1 thing.feedback

Ravi Menon - Frost & Sullivan

This project marks the first step in MAS's exploration of ways to harness the potential of central bank-issued digital currency. The next phase of the project will involve transactions in foreign currency, possibly with the support of another central bank.feedback

Ravi Menon - Frost & Sullivan

Under the pilot system banks will deposit cash as collateral with the MAS in exchange for MAS-issued digital currency.feedback

Peter Randall

What this allows people to do is to effectively make a payment from their account to the merchant's account, completely encrypted end-to-end, without having to go through all the existing very expensive legacy infrastructure.feedback

Peter Randall

This is fiat currency, it's real money. It's not a form of cryptocurrency or anything else; it's money you can go and take out of the bank and spend.feedback

Norman Chan

So far, two banks have already made use of the sandbox to conduct private trials of their biometric authentication in securities trading services. A few banks are discussing with us and planning to make use of the sandbox for areas such as blockchain, artificial intelligence (AI), and many more.feedback

Valery Vavilov - Bitfury

We are deeply honored to work with leading global professional services organization EY to offer blockchain technology solutions to their strong client network. Our partnership will bring blockchain technology to even more companies and countries to help improve their business operations, efficiency and security.feedback

Vijay Michalik - Frost & Sullivan

While Deloitte and their internal blockchain lab, Rubix, have led the way in professional service adoption of blockchain technology, these partnerships set the stage for an acceleration across the sector. Blockchain start-ups have long been in conversation with professional services as implementation partners, and late 2016 is seeing their proof-of-concept work emerge into fully fledged and enterprise-ready applications.feedback

Roland Rechtsteiner - Oliver Wyman

The first ones to adopt the new technology, like blockchain, will have a significant competitive advantage.feedback

Peter Randall

This is not a proof-of-concept or a prototype - it will be a revenue-generating implementation of distributed ledger technology.feedback

Andy Coyne

We've worked with a different (blockchain platform), but we didn't think it was fit for purpose for a market the size of FX. So we looked to someone who had a good understanding of financial markets.feedback

Andy Coyne

Today, everyone records their own version of the trade and sends each other messages, confirmations, and everyone records their own version – this is the shared version, which every participant in a trade has access to from their own perspective. They key here is you can't get it wrong, because you're looking at the same thing.feedback

Michael Eidel - Commonwealth Bank of Australia

We strive to stay at the forefront of disruptive technologies to understand how they can be used to enable greater efficiencies and solve the real world challenges our customers face. The interplay between blockchain, smart contracts and the Internet of Things is a significant development towards revolutionising trade transactions that could deliver considerable benefits throughout the global supply chain.feedback

Bridget van Kralingen - International Business Machines

Advanced technology has reached into so many aspects of modern life, but it has lagged in food traceability and, in particular, in creating more secure food supply chains. Our collaboration with Walmart and Tsinghua University is a step of global significance to change that. Food touches all of us, everywhere, so we are experimenting in China with Walmart and Tsinghua, given the size and scale of food consumption in this country.feedback

David Rutter

Blindly investing millions of dollars in small, disparate technology projects is not appropriate for banks at a time when budgets are stretched. The risk of backing the wrong horse could far outweigh the potential gains. Given that the power of this technology lies in its network effect, the consortium model is the ideal method to get it off the drawing board and into the wholesale financial markets.feedback

James Carlyle

We want other banks and other parties to innovate with products that sit on top of the platform, but we don't want everyone to create their own platform ... because we'll end up with lots of islands that can't talk to each other. If we have one platform with lots of products on top, then we get something that's more like the internet, where we still get innovation but we can still communicate with each other.feedback

Simon Taylor

The European banks are cost-focused, whereas U.S. banks like Goldman Sachs and JPMorgan are likely trying to generate revenue, because they're in different market conditions. Reading between the lines, that says: 'we want to profit from this, we want to build the thing,'.feedback

Adam Ludwin

You could spend tens of millions but you'd probably be doing it wrong if you were spending hundreds of millions right now. The nature of new innovation and software development is that you invest incrementally.feedback

Charley Cooper

There are some banks – Goldman Sachs being the epitome of this – that ... recognize the future of banking as being more and more a question of technology.feedback

Roman Eisenberg - Credit Suisse Group

The proof of concept has shown that blockchain technology lends itself well to solving for the operational complexity and volumes of equity swaps lifecycle processing.feedback

Roman Eisenberg - Credit Suisse Group

This can possibly present an opportunity to not only save costs but also reduce operational risks while growing the client offering.feedback

David Andolfatto - Federal Reserve Bank

If you take a snapshot of the existing plumbing, it looks a bit ugly. There's nothing magical about a blockchain in solving this problem.feedback

Lael Brainard - Federal Reserve System

We are paying close attention to distributed ledger technology, or blockchain, recognizing this may represent the most significant development in many years in payments, clearing and settlement.feedback

Lael Brainard - Federal Reserve System

Potential applications are in their infancy, and the industry may still be several years away from an application that is ready to be fully implemented.feedback

Lael Brainard - Federal Reserve System

We recognize the potential of distributed ledger technology, or blockchain, to transform the way financial market participants transfer, store, and maintain ownership.feedback

Paul Snow

Blockchains first pushed the boundaries of computer science with the simple yet revolutionary ability to trade digital value openly. Now we are pushing the limits of computer science in a second revolution. The Factom protocol allows for the open coordination of processes against immutable ledgers of data. It will have the same kind of impact on data and systems as the first revolution had on value.feedback

Richard Branson - Virgin Group

If you take somewhere like Egypt, 90 percent of people have got houses, they've got a garden, but they've got no piece of paper to show ownership of that ... And without ownership of your property, it's almost impossible to start a business or get a bank loan or anything.feedback

Percy Batliwalla - Bank of America Merrill Lynch

The underlying nature of trade finance in its current form is highly manual, it's highly time-consuming and it's paper-based, so we thought this would be a good opportunity to streamline the way trade transactions are processed.feedback

Tim Grant

Our goal at R3 is to bring our members together with the strongest technology players and work collaboratively to evaluate and accelerate this technology to production using real-world use cases.feedback

Richard Lumb - Accenture

... For financial services institutions faced with a myriad of risk and regulatory requirements, absolute immutability is a potential roadblock.feedback

Giuseppe Ateniese

The clever work of the bitcoin creators and leaps of progress in applied cryptographic research are opening the door to bold new uses of blockchain. By modifying the traditional 'chameleon hash' function we can preserve the strength of the original blockchain while making it even more useful. Unlike a traditional database, our solution is compatible with current blockchain frameworks and works in a decentralized and accountable environment.feedback

Chris Larsen - Ripple

We do think there will be opportunities especially with the change of tone of what's getting funded and not. There will be really good companies that can't get to the next round and might be better for them to be bought out. We will look at opportunities about what we can integrate with our business.feedback

Windsor Holden

While blockchain technology offers the potential for increased speed, transparency and security across an array of verticals, there has to be rigorous and robust roadtesting in each unique use case before any decision is taken.feedback

Chris Larsen - Ripple

We have been expanding our office locations. We want to continue that and grow those teams, we want to be hiring so we can have engineers on the ground with local banking partners as you have to get in there with the banks to make sure you have a complete solution and make things as easy as possible.feedback

Chris Larsen - Ripple

With a connected device a hundredth of a penny might need to be sent, that can't happen today. But we are working to make that happen and it opens up a new field of services and revenue for the banks.feedback

Alex Manson - Standard Chartered

This investment is part of our commitment to the bank's digitization agenda.feedback

Thana Thienachariya

Siam Commercial Bank is excited to take a pioneering role in investing and piloting money transfers through Ripple's network. Our participation makes SCB the first Thai commercial bank to move forward with remittance and other use cases with blockchain. Our due diligence was conducted by Digital Ventures, the investment and innovation arm of SCB, reaffirming our commitment to cultivating a solid fintech ecosystem for Thailand.feedback

Alex Manson - Standard Chartered

Ripple is one of the most advanced distributed financial technology companies in the industry, with a tested and viable solution.feedback

Baihas Baghdadi - Barclays Bank

We've proved the reality of this technology and the client, Ornua, has asked us when they can do the next transaction in this way, which proves how user-friendly the entire process was.feedback

Baihas Baghdadi - Barclays Bank

I've been here for more than two decades and I never even dreamed of a solution where you can remove completely the documents from the circle and just get everything moving around the world on an electronic basis within minutes, rather than days of couriers and shipping and all that.feedback

Hyder Jaffrey - UBS

Digital cash is a core component of a future financial market fabric based on blockchain technologies. There are several digital cash models being explored across the Street. The Utility Settlement Coin is focussed on facilitating a new model for digital central bank cash.feedback

Edward Budd - Deutsche Bank

The practical use and implementation possibilities of central bank digital currency is rightly becoming a hot topic in the financial service industry. It raises questions, and possibilities, over a fundamental market structure principle: who can have access to central bank money and how.feedback

Takao Asayama

There will be a paradigm shift in terms of banks' cost structures. With blockchain, fees consumers are charged by foreign banks will get much lower.feedback

Hiroshi Shimo

At the moment, there just aren't any technicians in Japan. There was nobody who could do it inside the company or at the big IT firms.feedback

Mark Rodrigues - Thomson Reuters

There are 50 financial institutions that are already members of R3 and they are all clients of ours.feedback

Mark Rodrigues - Thomson Reuters

We believe strongly in collaboration with clients, specifically client-led innovation.feedback

Ed Metzger

We recognize a lot of pain points around international payments and why there is a lot of disruption in that space and we saw an opportunity with blockchain, with Ripple, to address some of those pain points.feedback

Chris Larsen - Ripple

Banks can send big corporate payments through existing channels or send a small payment through Ripple. They don't have to rip out existing infrastructure, they can use Ripple to make the transactions more profitable or more efficient.feedback

Magnus Kempe

In the first phase of the technology, we have tested the process with some banks. Now we're on the second phase of the project where we will test in a full-sized environment.feedback

Mats Snäll

Digital documentation of property transfers and good technology will enable the confirmation for all parties in a real estate transaction (with) the highest level of security. Being able to assign pending title deed is also something of value for all parties. Everyone will benefit from this.feedback

Suresh Kumar

With this new initiative, IBM is providing an environment that will allow companies like us to collaborate more easily and more securely and in a more standardized way, which is critical to advancing meaningful use cases for blockchain.feedback

Anthony Culligan

It's going to make (Computershare's) life easier, it's going to make their clients' lives easier, and it's potentially going to reduce the cost of the whole administration of securities ownership registers.feedback

Jenny Knott

What we are going to do now is work with our partner banks to develop parallel technology to add all asset classes and all trades.feedback

Jenny Knott

We believe we are the first to do this using distributed ledger and blockchain technology. What's really transformational is that the banks no longer have to do so much themselves.feedback