BABB, a blockchain-based banking startup, has added a new member to its leadership team with the company announcing on Tuesday that it has hired Gaurav Rana as its new Chief Technology Officer.
Rana takes the reigns just before the firm is due to launch its mobile app to beta testers in autumn. As a result, he will be taking over the development of the BABB app and the blockchain platform.
According to the statement released today, Rana has been a big fan of blockchain since 2010 after reading Satoshi’s seminal whitepaper. Since then he has supported major projects such as Bitcoin, Ethereum and Zcash to name a few. In addition, he also contributed to Mastering Bitcoin, a book written by Andreas Antonopoulos.
During his career, Rana has been the CTO of Everledger, a global emerging technology enterprise. He then went on to work at Atlas, a provider of financial products using blockchain technology, where he was the Chief Technology Officer and Head of Atlas Labs.
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Commenting on his appointment, Gaurav Rana said: “having originated from a country in which online payments are impossible due to government restrictions, I was struck by the potential held by blockchain technologies to address the deep-seated global issue of financial inclusion.
“Even though it’s been close to a decade since the inception of blockchain technology, one of the initial promises of providing financial services to the underbanked and unbanked has largely been unfulfilled. I believe BABB has the right team to make a concrete change on a global scale and I am excited to have joined the team.”
Gaurav Rana Replaces Former BABB CTO Jorge Pereira
In his new role, Rana is replacing the company’s former CTO Jorge Pereira, who will stay onboard with the company as a technological advisor. This way the blockchain banking startup will continue to benefit from Pereira’s expertise.
BABB founder and CEO, Rushd Averroes, added: “Gaurav Rana joins the BABB team at a pivotal time as we prepare to launch our product. His expertise in building blockchains will complement the diverse skill set of our development team. Most importantly, he shares our belief that the rigorous application of new technology can help transform banking into a fair, inclusive and decentralised system driven by individuals.”