CME Executive Joins Blockchain Lobby – Chamber of Digital Commerce

CME Group executive Rumi Morales has been appointed to the board of advisors of the Washington DC based trade association representing the digital asset and 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 industry with policymakers and regulators - the Chamber of Digital Commerce.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Morales leads CME Ventures, a wholly owned subsidiary of CME Group, which makes minority stake investments in early stage companies that may impact the financial services industry, including blockchain technologies. Before joining CME in 2010, Morales led the APAC business of Goldman Sachs’ Global Markets Institute in Hong Kong.

“Blockchain technology is beginning to transform the way financial markets operate and holds the same potential for Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term,” said Morales. “The Chamber of Digital Commerce is securing the future of this technology by driving appropriate policy, and CME Group is committed to advancing this shared vision and encouraging innovation in fintech.”

“The Chamber made great strides in increasing the public-private dialogue since our inception just 30 months ago, however there is much work to do to promote the advancement of blockchain-based technologies,” said Perianne Boring, founder and president of the Chamber of Digital Commerce. “Rumi brings a wealth of energy and experience and we are excited to have her on our team.”

“To foster institutional adoption of blockchain-based technologies, established financial leaders like CME Group are critical for the transition from promise to reality,” said Matthew Roszak, Chairman of the Chamber of Digital Commerce. “We are honored to welcome Rumi Morales to our advisory board, as the Chamber will greatly benefit from her leadership and expertise.”