Enterprise blockchain was on full display at Consensus 2017 in New York City today.
There, leaders from some of the largest and most influential companies gathered on stage to address an audience of blockchain executives and coders alike. From infrastructure provider the DTCC, which conducts quadrillions of dollars worth of transactions each year, to legacy bank Citi, valued at $171bn, an enterprise blockchain track brought together a host of incumbents who have been active playing innovator.
Following shortly on the tail of news that Citi and Nasdaq have been running a live blockchain powered by Chain technology, Ian Lee, head of Citi’s Global Lab Network, publicly discussed the importance of collaboration among incumbents.
Lee told the audience:
“Partnerships have been integral to our strategy from the very beginning. They have accelerated our efforts and helped us bring products to market in a short period of time.“
Lee recounted the history of Citi Venture’s blockchain work, which kicked off in 2015 with a partnership with Ideo to help create the Collab idea incubation facility. Lee credited this early move as leading to the business relationships that culminated today.
Yet, Lee put into perspective how this journey was not taken in isolation. He projects the number of blockchain proof-of-concepts has risen to
Read more ... source: CoinDesk
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