Santander's Head of R&D Joins Wall Street Blockchain Alliance

The Wall Street Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term Alliance (WSBA), a non-profit distributed ledger technology trade association, today announced that Dr. Julio Faura has joined the WSBA Board of Directors.

Dr. Faura is head of R&D for innovation initiatives at Spain-headquartered Banco Santander. He brings over twenty years of experience in the financial markets to the group, as well as his reputation as a thought leader in the areas of e-commerce, internet-based financial services and blockchain technology.

Ron Quaranta, Chairman of the Wall Street Blockchain Alliance, commented: “We are very privileged to have Julio join our Board. As a recognized 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. We truly look forward to collaborating with Julio in the future.”

Julio Faura adds: “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.”