Blockchain group, nChain has on-boarded Jon Matonis as its newest Vice President of Corporate Strategy, securing the services of acting Executive Director of the Bitcoin Foundation, according to a company statement.
In his new role as the VP of Corporate Strategy, Mr. Matonis will be tasked with fostering nChain’s business growth via the expansion of commercial relationships, strategic investments, and acquisitions. Despite taking the position, Mr. Matonis will also continue to help provide thought leadership across the blockchain technology space.
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Mr. Matonis founded the Bitcoin Foundation in 2012, the industry’s first non-profit trade organization. He is one of the most widely respected and senior leaders in the blockchain space, with stops at Globitex, CoinDesk, Tradehill, Lydia Group, Network Inference, and others, dating back to 1986, according to information made public on his Linkedin profile.
According to Mr. Matonis in a statement on the appointment, “The resources and funding in place at nChain provide a unique opportunity to reshape the existing landscape of Bitcoin protocol influencers. It is imperative that we move towards a status quo where the actual protocol standard is separated from its primary reference implementation, similar to the existing architecture of the Linux kernel and its low-level abstraction layer.”
“The gradual elimination of trusted third parties from our economic and legal infrastructures belies a serious and unprecedented reorganisation of many legacy social structures. The winners will be those select individuals and entities that finally liberate themselves from the current centralising, rent-seeking chokepoints. I am excited to work with nChain to support growth of the blockchain ecosystem for everyone’s benefit,” he added.