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Digital Asset's Blythe Masters Discusses Hyperledger and Blockchain Collaboration

Blythe Masters solidified her Wall Street reputation as a top-level executive at J.P.Morgan, which she left in 2014 after a career spanning 27 years. Since then, she has bridged the gap from financial institutions to fintech startups by becoming CEO of Digital Asset, a leader in the use of Distributed Ledger Technology for wholesale financial services providers, and as the Governing Board Chair for Hyperledger, an open-source collaborative effort created to advance cross-industry blockchain technologies.

Given her experience, Masters has a firm grasp on how the technology is poised to change the way in which the financial services industry operates to make it more efficient, safe and innovative.

“Blockchain technology represents a generational opportunity to mutualize database infrastructure across entities within financial services,” she said. “What that translates into is an enormous cost-saving, risk-reducing, and capital-enhancing opportunity."

While Digital Asset builds new software based on Distributed Ledger Technology, Hyperledger serves as an open evaluation platform for advancing the technology. “I would describe Hyperledger as a tremendous opportunity for collaboration for firms that range from gigantic commercial concerns all the way to the smallest, newest startups. It’s a community of great intellectual depth and great commercial breadth, and as such, I think the opportunity to be part of that is a unique and enriching experience,” said Masters.

2019 Investments in Crypto and Blockchain Startups at $850 Million

Source: Reuters

According to data compiled by Pitchbook for Reuters, venture capital investment in crypto and blockchain startups has reached $850 million so far this year.

EEA Launches 'Token Taxonomy Initiative'

The Enterprise Ethereum Alliance has announced a "Token Taxonomy Initiative" to develop universal definitions for tokens to encourage their interchangeability across blockchain platforms. Members of the initiative include Microsoft, R3, ConsenSys, IBM, EY, Accenture and Intel.

Gemini Adds Support for SegWit

Source: Gemini

Gemini Trust, a New York-based cryptocurrency exchange, has announced support for Segregated Witness (SegWit) addresses and transaction batching. As a result, customers can now use SegWit addresses for bitcoin deposits and withdrawals, ideally improving processing times and lowering bitcoin withdrawal fees.

Nestlé and Carrefour to Share Product Data With Consumers Via Blockchain

Source: Nestlé

Food producer Nestlé and retailer Carrefour will equip the packaging of a French instant mashed potato product with a QR code that provides blockchain-based data about its origins to consumers. The pilot was developed in conjunction with IBM Food Trust.