The leading Bitcoin wallet and block explorer, Blockchain now has a new board member in the form of Antony Jenkins. The former CEO of English banking giant, Barclays has announced his new position in the cryptocurrency company earlier yesterday.
The inclusion of Antony Jenkins as a board member will enable the company to leverage on his years of experience in the mainstream banking and financial sector. Armed with the new-found knowledge, the company will be in a better position to offer cryptocurrency based services capable of replacing the existing technology infrastructure used by the banking industry.
Antony Jenkins was quoted in the press release saying,
“Blockchain technology has the potential to reinvent the way we use money and contribute to a finance system that’s high quality, low cost, secure, fair and transparent. I am proud to join a company playing a pivotal role in ushering in a new era.”
Blockchain has been working on developing solutions for the cryptocurrency industry. By including few elements from traditional banking and payments systems, the platform can offer a sense of familiarity while shortening the learning curve for those who are new to Bitcoin-based services.
Apart from being part of Blockchain’s Board, Jenkins is also involved with multiple financial technology companies, including his own fintech firm — 10X Future Technologies. He also serves as the chairman of Currencies Direct Ltd. Jenkins believes that the fintech revolution is unavoidable and with more economic pressure building up in the banking industry, they will soon be implementing blockchain based fintech solutions a huge scale in the near future.
Following the addition of Anthony Jenkins, Blockchain’s board includes its CEO Peter Smith, President Nick Cary, Jeremy Liew — venture capitalist at Lightspeed Venture Partners and former COO of Skype Michael Jackson.
Blockchain is already offering its services to companies like Coinbase and others. As the company continues to develop tools for using blockchain technology for various applications, it is in the right position to offer the much-needed solutions to the mainstream financial sector when the need arises.
Ref: WSJ | Business Insider | Image: Blockchain.info