New Wall Street Blockchain Alliance Committee to Focus on Empowerment

The American distributed ledger technology advocacy group, the Wall Street 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 Alliance (WSBA), has launched two new working committees - a Regulatory & Compliance committee that will be chaired by Ms. Amal Aly and an Economic Inclusion Working Committee that will be chaired by Mr. Ashish Gadnis.

Ms. Aly is the Director of Financial Services Regulatory Risk Advisory at PwC and a former Associate General Counsel for Securities Industry and Financial Markets Association (SIFMA). Mr. Gadnis is the CEO of Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term startup BanQu, a blockchain identity platform enabling financial inclusion.

Ron Quaranta, Chairman of the WSBA and CEO of Digital Currency Labs, said: “These new Working Committees are the direct result of growing member involvement in the many important aspects of blockchain technology across financial markets and beyond. Having such highly qualified committee chairs as Amal and Ashish to further the WSBA mission is invaluable, and we look forward to working with them going forward."

Ms. Aly commented: “It’s my great pleasure to participate on the WSBA Regulatory and Compliance Committee. Just as distributed ledger technology continues to evolve, so will the compliance and regulatory landscape in which it will operate. I look to participating in that very important dialogue.”

Mr. Gadnis explained what he will bring to the role: “I'm thrilled and humbled to be on this very important committee. As blockchain technology continues to evolve, it is absolutely critical that its applications enable economic empowerment and access to a better life for refugees, people living in extreme poverty and overall gender equality globally. I hope to bring these voices to WSBA."

Back in March the WSBA added to its ranks Juan Llanos, the noted compliance expert that has built and managed compliance programs across the globe. Llanos joined the trade group’s Advisory Board.