Although a self-confessed “product person at heart”, Provenance Blockchain Foundation’s CEO Morgan McKenney says the emergence of digital assets and blockchains have allowed the industry to focus its attention on the underlying infrastructure supporting those products.
Financial services still “rely on all these legacy systems where everybody is reconciling the state of truth”, says Ms McKenney. “There is a lot of time between when a transaction happens and when it’s actually settled, meaning when it’s finalised, and all of that time creates a lot of uncertainty
and costs.”
