Equiniti Promotes Michael Foley to Head of Blockchain, R&D

Equiniti Group plc, a provider of financial and technology solutions, has appointed Michael Foley, the group’s current Chief Strategist, to head its 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/Distributed Ledger Technology Research and Development (R&D), according to an Equiniti statement.

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In his new role Mr. Foley will be focusing on several agendas for the group, including the transformative nature of Blockchain for Equiniti as well as the opportunities it may bring Equiniti and its clients in terms of cost and speed, security and traceability.

Mr. Foley has been at Equiniti since May 2015, having held the role of Chief Strategist. Prior to joining Equiniti, he worked as a Managing and Technical Director at Peterevans for nearly three decades, dating back to 1986, according to information made public on his Linkedin profile.

Blockchain technology presents several opportunities for Equiniti, given the group’s work with 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 and securities across markets. Subsequently, Equiniti will be working in tandem with third parties in both industry and academia, having already established a dedicated R&D team at its Cardiff Fintech Centre of Excellence to focus on this work.