The world’s banking payment system is going to be tokenized on a blockchain, according to the head of Goldman Sachs. In a discussion of Facebook’s new Libra cryptocurrency with the French news site Les Echo on June 28, Goldman Sachs CEO David Solomon said he finds the “principle interesting” and the fifth-largest American bank, does “extensive research on the concept of tokenization.”
Financial authorities across Southeast Asia are embracing blockchain technology and digital currencies as a way of helping the poor get better access to banking services that can help lift them out of poverty, as well as speeding and improving interbank payments and cross-border settlements.
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.
There’s been a lot of attention paid in the last few days about the amount of blockchain and cryptocurrency jobs available at banks like JPMorgan and accounting firms like PricewaterhouseCoopers and Deloitte, but there are more than a few large, non-finance firms looking to hire people with blockchain knowhow and experience right now, including Ford, Revlon, and Penske Logistics, according to LinkedIn Jobs.