GlobalBlock UK Recruits Rodney Prescott as Its Chief Technology Officer

GlobalBlock Digital Asset Trading Limited (TSX Venture: BLOK) (FSE:BD4) announced that it has recruited Rodney Prescott as its new Chief Technology Officer.

Finance Magnates recently learned from a press release that Rodney Prescott, a highly experienced industry and digital asset IT specialist with more than thirty-five years experience, has been named by GlobalBlock UK, a London-based cryptocurrency brokerage, as its new Chief Technology Officer.

Prescott brings a wealth of experience to GlobalBlock UK, specifically in 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, digital assets and banking. He has held many senior managerial roles at global technology firms, consultancies and banking groups.

Looking Back at Prescott’s Vocation

Prior to the announcement from GlobalBlock UK, Prescott was fulfilling three separate roles: as a strategic consultant at Input Output (aka IOHK); an advisor to Sales and Partnerships (Technical) for Qredo, the decentralised interoperable blockchain infrastructure, enabling management of digital assets with institutional-grade security; and also an advisor at MannBenham Advocates Limited.

Earlier on, he spent a couple of years with Senvio. At first, he began as its Chief Blockchain Officer in September 2018. In the following month, he received the title of Director.

Also, PwC employed Prescott from November 2017 to March 2019 as a Senior Manager. Located in London, he assisted Central Banks and small to medium-sized companies (SMEs) with their blockchain technology projects. One particular project, he worked on with the South African Reserve Bank explored the use of blockchain in Interbank Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term.

Additionally, Prescott served EY in both its Sydney and Hong Kong offices. During this period, he worked in senior management positions with global financial services and technology companies, leading the push towards digital innovation and blockchain initiatives.

Moreover, Prescott spent his career holding various senior technology positions in banking and the communications industry, including with the Commonwealth Bank as a Senior Project Manager, TRAVCALL as its CTO, Westpac as a Senior Technical Project Manager and also as a Programme Manager of Telecommunications, and MLC as a Project Manager as well as many more.

Delighted to Welcome Rodney

Commenting on the appointment, Rufus Round, CEO at the Company, said: “We are delighted to welcome Rodney and his wealth of crypto and technology experience to the team, knowing that he will play an instrumental part in the growth of the business as we roll out new products and services. Having been a key player within the industry for many years, we see his appointment as a fantastic development for all stakeholders of the business as we continue to capitalise on such a fast-moving and fast-growing sector.”

“GlobalBlock is at a pivotal stage of its existence and this is a hugely exciting time to be joining the company, especially when there is clear evidence of wider digital asset adoption worldwide. Having experienced first-hand how businesses and individuals are seeing to benefit from blockchain, tokenisation and cryptocurrency, joining a company with highly experienced professionals is an unmissable opportunity for me, and I look forward to what the future holds for the business,” said Prescott.