The head of the blockchain IBM Jesse Lund: "Focus on the current buying opportunity, as most banks are doing quietly"

Jesse Lund is Head of Blockchain Solutions, Financial Services at IBM. He leads the development of IBM's blockchain market, digital currency strategy, solution engineering and customer engagement for banking and financial services. And he has to say about banks and crypts:

"Good things take friends time.

It is about interrupting (reforming) financial services by people, for people …

And bank cards are not so easy to get these days!

Give them time; focus on the current buying opportunity, as most banks are doing quietly 😉 "

https://twitter.com/jesselund/status/1071491570522775552?s=21

If this were an anonymous "crypto bull, crypto-dog, crypto-worm" etc. from Twitter, it would not be worth mentioning it. However, Lund is a senior manager of a company with more than 100 years of tradition. He is also more knowledgeable about the moves of big banks and financial institutions than most of the cryptic personalities you see on Twitter or YouTube, so this provides at least a little relief to the hordes inflicted, palpitating cryptic wounds holders.

IBM has been working with the stellar project since last October, indicating in March that it is interested in expanding the corporate applications of cryptocurrencies.

Jesse is a big supporter of the blockchain and believes that it is at the same level of importance as the Internet itself. Here are some of his most interesting quotes on the industry:

I think that Blockchain should finance (and global trade) what e-mails were for communications – both are protocols that travel on the Internet. C is a project in Hyperledger called Quilt which is an adaptation of Ripple's ILP specifications for interlocking coordination. Personally, I believe that the coordination of consensus at multiple levels (that is, allowing resources to live or move on multiple protocols) is really difficult. I think the real-time shadow voices could be a better short-term approach. But I just want to be a technician (ie the most stupid guy in the IBM room). I will leave the big brains to understand.

In simple terms, Blockchain allows the globalization of peer-to-peer relationships in real time, that is to say, it removes intermediaries. In developing regions, intermediaries can be bad actors, corrupt governments. To this end, both for financial inclusion (which brings capital and financial services directly to emerging economies in remote villages) and for the sustainable development / equitable distribution of resources, Blockchain offers a lot to combat the inefficiencies of intermediaries and reduce or eliminate corruption through better transparency.

Your comments on the cooperation between IBM and Stellar:

First of all, stellar-core is a scalable, secure and open source public DLT platform that aligns perfectly with the IBM Blockchain platform strategy. Allows IBM to extend its vision of authorized blockchain networks to support public accessibility. Specifically, Stellar allows IBM to create a viable asset and life cycle management system for authorized tokens that will allow many different use cases where IBM offers operational integrity and stability that most businesses want. As for the future of IBM, I would not have left a good job in a good company (Wells Fargo) to come to IBM if I did not believe in IBM's vision (or in my ability to influence it) IBM's perspective on cryptocurrency support, however , it is still a work in progress and subject to greater understanding by lawyers and regulators.