The First Central Bank-Issued Cryptocurrencies Will Launch Within a Year

Jesse Lund leads Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term and distributed ledger market development for IBM (NYSE: IBM). He and his team work closely with IBM clients, regulators, and central banks around the world to improve end user experience, optimize operational efficiency and identify new market opportunities.

Jesse sat down to talk today with Finance Magnates about IBM's new universal payments solution, the importance of blockchain technology for IBM and much more. He revealed that in his opinion we will see the first central bank-issued cryptocurrencies just six to twelve months from now.

Listen to the interview on SoundCloud or watch it on YouTube:

Background

Within his role, Jesse is responsible for identifying, prioritizing, and accelerating the commercialization of industry solutions to transform the landscape of global commerce. His team also leads global partnerships, represents IBM in industry consortiums, engages clients in solution design and development, and informs IBM’s strategic investment priorities within the Blockchain and cryptocurrency industries.

Jesse is a financial services veteran with two decades of industry experience. He joined IBM from Wells Fargo, where he enjoyed an 18-year executive tenure leading a wide range of responsibilities within community banking, consumer products, commercial banking, Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, wealth management, risk management, information technology, and research and development. In his prior role as Head of Wells Fargo’s Innovation Lab, Jesse and his team led Wells Fargo’s cloud computing and DLT programs for the enterprise.

Jesse holds a B.S. in Finance and an M.B.A. in Marketing from Pepperdine University, and an M.Div. in Theology & Ethics from Fuller Theological Seminary. He is based in Southern California, of which he is a native.