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TechvisionDecember 23 2022

The practicality of blockchain

The chief technology officer of R3 talks to Liz Lumley about the speed, efficiency and privacy of enterprise blockchain. 
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The practicality of blockchain

In its almost 13 years of existence, blockchain’s potential to create a decentralised financial system has often been hyped well beyond its practicality. The technology was heralded by some as the end of central banks, government authorities and fiat money. And now, the Web3 movement, a next-generation web that includes decentralisation, blockchain technologies and token-based economics, has reached quasi-religious zeal. 

However, R3’s long standing chief technology officer, Richard Brown, has never let hype and unrealised potential frame his work as one of the leading voices in the distributed ledger space. 

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Liz Lumley is deputy editor at The Banker. She is a global specialist commentator on global financial technology or “fintech”. She has spent 30 years working in the financial technology space, most recently as director at VC Innovations and architect of the Fintech Talents Festival, managing director at Startupbootcamp FinTech London and an editor at financial services and technology newswire, Finextra. She was named Journalist of the Year for Technology and Digital Finance at State Street’s UK Press Awards for 2022.
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