Former analyst, JPMorgan: the blockchain is the key to avoid a new economic crisis
Source:
Former Vice-President of investment Bank JPMorgan Chase argues that the blockchain «may be the key to avoid a new economic crisis». Your thoughts pan Headon shared in the conversation .
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After his resignation from his post analyst became the adviser of the Asian Institute Blockchain. Huadon occupied a position in JPMorgan Chase during the economic crisis of 2008. From his experience he concluded that the world economy needed a technology that could she return to the faith of ordinary people.
When I started working in 2007, 13 people had been managing assets worth $ 40 billion. During the crisis, our losses could reach 300 million in just one day. I think using the blockchain we can avoid similar catastrophe in the future.
And although the technology is still in an early stage of development, prospects for its further development are limitless. Headon believes the opportunity to create a transparent complex systems the main advantage of the blockchain. It can be used to significantly reduce the economic risks on a global scale.
While the main opponent of the crypts is China. A strict policy of local authorities even forced large investors EN masse their money from the country. However, some Chinese officials still to the gradual adoption of the blockchain in the state.
I Hope that soon will come to it and we. And while waiting for the fall when the state Duma on cryptocurrency.
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