Wall Street Blockchain Alliance Secures Steve Ehrlich as First COO

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, has secured a new executive member, adding Steve Ehrlich as the latest entrant to its organization. Steve will take on the newly-created role of WSBA’s first Chief Operating Officer.

His ascension to the role of the COO at WSBA represents a new direction for the group as it looks to fill a void. In this capacity he will help oversee key elements of operational finance, risk, and Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, leaning on his years of executive expertise.

Mr. Ehrlich steps into his new position with immediate effect.

The WSBA aims to help guide and promote the adoption of blockchain technology across all financial markets. The goal is to advance the use of blockchain technology to offer customers services that are more efficient, faster and safer for numerous financial transactions.

The association has managed to sign many industry leaders who believe the new technology has the potential to dramatically impact financial services by improving outcomes critical to the industry such as the cost of operations, capital consumption, customer experience and in some cases new business models and revenues.

Commenting on the appointment announcement, Ron Quaranta, Chairman of the WSBA, said: “We are very fortunate to have Steve join the WSBA. As a recognized expert on blockchain and its applicability throughout the financial sector and more, we will look for him to help guide the growth of the organization. We very much look forward to collaborating with Steve moving forward.”

Steve Ehrlich adds: “We are rapidly approaching a key inflection point regarding blockchain technology, and it is critical to see real-world enterprise-level implementations in the near future. The WSBA plays an essential role in this endeavor through its thought leadership, engagement with regulators and key stakeholders, and member services. I am privileged to join the WSBA in this role at this key juncture.”