Applications of Blockchain Technology

Ron Quaranta, Chairman of Wall Street Blockchain Alliance, participates in Risk Roundup to discuss “Applications of Blockchain Technology”.     Overview The deep-rooted rigid boundaries of nations: its government, industries, organizations and academia (NGIOA) seems to be tumbling as digitization is re-writing the rules of competition and collaboration. With the tumbling of boundaries, the digital disruption is on its way to re-shaping the global systems faster than perhaps any force in the entire human history. This is mainly due to advances in technologies like blockchain. The promise and potential of blockchain technology seems to have energized individuals and entities across nations: its government, industries, organizations and academia (NGIOA). The simple reason behind this is perhaps because blockchain technology shows us how to effectively transition to a digital global age. As the blockchain technology re-defines and re-configures the global NGIOA infrastructure and systems across cyberspace, geospace and space (CGS), it is beginning to envisage how the global systems of a digital global age would look in the coming years. When entities across NGIOA acknowledges blockchain technology as one of the most disruptive innovations since the dawn of the internet, it is important to understand and evaluate what kind of transformation is imminent as the blockchain technology begins to get tested, developed and applied extensively across nations. There is no doubt that blockchain is revolutionary and will upset the very fiber of the systems and services across NGIOA. While blockchain provides its own distributed, transparent record-keeping, leverages real-time trust among the participants and balances the information flow between senders and receivers, it fundamentally reduces the need for intermediaries because of its shared and trusted environment. However, blockchain needs collaboration to succeed. But collaboration and cooperation are not in the very fabric of nations. How will that be overcome? While blockchains are causing a technology revolution, it is important to understand and evaluate what else is necessary to transition to a digital global age. Time is now to talk about “Applications of Blockchain Technology”! For more please watch the Risk Roundup Webcast or hear Risk Roundup Podcast About the Guest Ron Quaranta – Founder and Chairman of Wall Street Blockchain Alliance, is a recognized expert in the area of blockchain innovation, particularly its impact on the world of financial markets. Ron has over 25 years of experience in the financial services and technology sectors, and currently serves as Chairman of the Wall Street Blockchain Alliance, a non-profit trade association promoting the education and adoption of blockchain technology across financial markets. Prior to this, Ron served as CEO of DerivaTrust Technologies, a pioneering software and communications provider of secure transaction and information platforms for financial market participants. Before this he held a variety of senior roles at Thomson Reuters, the global news and information firm, culminating as Global Head of Trading Analytics. About the Host of Risk Roundup Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpos...