Masters was named the CEO of Digital Asset Holdings in March 2015, a company that builds secure and distributed processing tools to speed up settlement, reduce costs and enhance security and transparency in regulated industries.[21][22] The startup raised more than $100 million in multiple rounds of funding from fifteen technology and financial firms, such as Citibank, Goldman Sachs, JPMorgan, Deutsche Boerse, DTCC, CME, IBM and Accenture. The company distributed ledger systems for the ASX, DTCC and others.[23] In December 2017, ASX officially announced it would upgrade its post-trade settlement system to a blockchain platform designed by Digital Asset Holdings.[24]
Blockchain makes it possible to build applications where multiple parties can execute transactions without the need for a trusted, central authority. Today, building a scalable blockchain network with existing technologies is complex to set up and hard to manage. To create a blockchain network, each network member needs to manually provision hardware, install software, create, and manage certificates for access control, and configure networking components. Once the blockchain network is running, you need to continuously monitor the infrastructure and adapt to changes, such as an increase in transaction requests, or new members joining or leaving the network.
JPMorgan’s blockchain head is leaving to start her own business
Amazon Managed Blockchain is a fully managed service that allows you to provision blockchain infrastructure with just a few clicks. Amazon Managed Blockchain eliminates the overhead required to create a private blockchain network or create node(s) to connect to a public blockchain network.
Small businesses often rely on distributed supply chain networks where no single entity controls the end-to-end movement of goods across the network. As an example, jewelry stores often need to track the provenance of gemstones to ensure their authenticity and value. Using Amazon Managed Blockchain, such businesses can quickly implement a blockchain across their supply chain network, providing greater transparency, and real-time recording and tracking of goods from one party to another. Each supplier or distributor can be a member of the blockchain network, maintain their own distributed ledger, and independently track all information related to the movement of the goods such as timestamp, port of entry, and volume of goods received. Given that all members maintain an independent copy of the distributed ledger, all parties can trust the true origin and touchpoints of the goods, without relying on a central authority.
6. General Electric said that its chief communications officer and senior adviser, Deirdre Latour, would be leaving the company in mid-March to pursue other opportunities. Linda Boff, GE's chief merchandising officer, will take on the added responsibilities as interim head of communications, until a replacement is found.
The shifting focus is marked. Up until 2018, blockchain and distributed ledger technology (DLT) dominated the hype pushed by major consortia formations, which also came at the time where blockchain-without-crypto startups raised financing in the tens of millions of dollars from major financial institutions. The landscape has since changed significantly. 2ff7e9595c
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