Bloomberg asked several Wall Street leaders, including the CEOs of Nasdaq, Goldman Sachs and Citi, to imagine what markets might look like in the next 30 years. We were curious whether they’d mention blockchain to gauge the impact on their company’s strategies. Of the three, Jane Fraser, CEO of Citigroup, was by far the most upbeat about the technology.
The least enthusiastic was Goldman Sachs CEO, David Solomon. “I happen to think that blockchain technology is an early version of technologies that will ultimately be used to further digitize the infrastructure of financial services,” Solomon told Bloomberg. His key reservation is over blockchain’s scalability and speed. He compared blockchain today to the internet of 25 years ago.
Nasdaq CEO Adena Friedman was a little more upbeat about the technology, but also said it would need to match and surpass the current scale of traditional markets. She is concerned that crime management needs to be taken more seriously for the technology to become more mainstream.
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