Cryptocurrencies
Blockchain Tech Coming to Commodity Markets, Blythe Masters Says
- Tech will help deal with complex, inefficient supply chains
- ‘Tens if not hundreds’ of commodity-blockchain projects on way
Blythe Masters
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
The blockchain is coming to commodity markets, Blythe Masters told guests at the London Metal Exchange annual dinner this week.
The virtual ledger technology underlying cryptocurrencies such as Bitcoin promises greater confidentiality, fewer paper exchanges, better provenance and a boost in productivity, the former JPMorgan Chase & Co. executive said in a speech at the gathering Tuesday night.