Just two weeks after IBM’s blockchain ambitions fell into doubt with the mysterious departure of Jesse Lund, Big Blue is set to lose another key advocate for the space. Modern Consensus has exclusively learned that Stanley Yong, the company’s Global Lead on Central Bank Digital Currency Solutions, is leaving the company.
When the sons of legendary investment banker Paul Stephens met Mighty Ducks star Brock Pierce, they were avid World of Warcraft gamers and he was amassing an empire of digital goods exchanges where players could buy, sell, and trade valuable in-game items and virtual currency. Together they would go on to form Blockchain Capital, the first venture capital firm to fund the blockchain ecosystem.
Ripple CTO David Schwartz likes to say that blockchain has a lot in common with the Model T Ford, and it’s an analogy that he repeated during a Quora session on April 1.