Former Barclays CEO and new Blockchain director Antony Jenkins to speak at ICAS event

Bitcoin
By Andrew Harbison, CA Today

15 December 2016

Antony Jenkins, the former CEO of Barclays and new director of the world's largest Bitcoin wallet, Blockchain, will discuss disruptive technology at an ICAS Insight event in London next month.

The former CEO of Barclays announced his career change via a LinkedIn article titled ‘The end of finance as we know it?

In the article, he praised the potential that blockchain technology has to “reinvent the way we use money and contribute to a finance system,” and said that by joining the board of Blockchain he would be “helping to make this technology a reality and usher in a new era".

Peter Smith, CEO and co-founder of Blockchain, said: “Few people have seen the financial system from Antony’s vantage point. He was a senior leader in the banking industry –  spanning the turbulent 2000’s – including his time at the helm of Barclays Group. If anyone knows how the current system works, it is Antony. More importantly, it is his dedication to modernising that system that gets both of us incredibly excited.”

Antony recently founded his own start-up firm, 10x Future Technologies, which specialises in offering banks cloud-based core banking system where banks would hold deposits and accounts.

At the upcoming ICAS Insight event, Technology, disruption and the future of financial services, Antony will share experiences from his career in the banking sector and discuss the challenges and opportunities in the vastly changing landscape of financial services.

What is Bitcoin and blockchain?

Bitcoin is a form of digital currency which can be used to purchase an array of goods and services, both online and through physical transactions.

Blockchain is the technology which is used to keep track of the thousands of transactions which take place using Bitcoin. It is a ‘decentralised ledger’, which can be viewed by anyone and exists not in one place, but across a network of computers.

Once a transaction is added to a ‘block’ in the system, various 'nodes' (other computers connected to the ledger) interact with one and other to verify that the information is accurate. Once that happens, the ‘block’ is added to a larger ‘chain’. 

Blockchain advocates say that this ensures that all transactions made through this technology are transparent, thus cutting down on fraud. It also makes information added to the ledger very difficult to alter or remove.

ICAS Insights: Technology, disruption and the future of financial services will take place on 26 January at EY, 1 More London Place. Book now.

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