15 March 2017
London
Reporter: Drew Nicol

Santander R&D chief joins blockchain association board


The Wall Street Blockchain Alliance (WSBA), a non-profit trade association, has recruited Banco Santander’s Julio Faura to further its aims of bringing distributed ledger technology to financial markets.

Faura brings 20 years of financial experience, and also holds the position of head of research and development at the Spanish bank.

WSBA’s mission statement promises to guide and promote comprehensive adoption of blockchain and distributed ledger technology across financial markets and to stand as a neutral, unbiased steward of education and cooperation between Wall Street firms.

Speaking on his latest appointment, Faura commented: “We are witnessing a rapid evolution of blockchain technology towards enterprise-grade readiness, unraveling the enormous possibilities of shared ledgers and smart contracts.”

“I think it is now time to work collectively to better understand how this technology can effectively be used in a compliant and secure way.”

“The goal is to advance the use of blockchain technology in order to offer customers services that are more efficient, faster and safer for numerous financial transactions.”

WSBA chair Ron Quaranta said: “We are very privileged to have Julio Faura join our board. As a recognised expert on blockchain and innovation in financial markets, he will be instrumental in guiding the growth of WSBA and is a clear pioneer in the adoption of blockchain technology across global financial landscape.”

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