Institutional Blockchain Firm SETL Expands Its Technology Team

SETL, the London based financial blockchain specialist, announced today the opening of a Global Engineering Centre in Ipswich, UK. Ten new staff members have been hired for the new office, bringing SETL’s total worldwide workforce to 24.

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The new team includes 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 technology architects and specialists for server systems analysis, enterprise storage, web development, integration and project management. SETL operations in Ipswich will be overseen by CTO Nicholas Pennington.

Peter Randall, CEO of SETL, noted: “Since we launched in 2015, SETL has continued to expand rapidly, with new blockchain products and initiatives. Our new engineering centre will be the powerhouse that supports our growth ambitions as we deploy blockchain projects globally.”

The centre was officially opened by Ben Gummer, Member of Parliament for Ipswich and Minister for the Cabinet Office and Paymaster General, and by Chairman of the SETL board Sir David Walker. Gummer commented: “I am delighted to have been invited to open SETL’s new office here in Ipswich. They are the latest of a number of businesses choosing to locate in our tech Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term. Suffolk has a thriving ICT sector, with the University of Suffolk ensuring that there is a pipeline of new local talent. Taken together with Norfolk, we have the third highest concentration of science and research parks in the country.”