IBM Blockchain Head Jesse Lund: Focus On Current Crypto Buying Opportunities Like Banks Are Quietly

Jesse Lund, VP Blockchain and Digital Currencies at IBM, says: “Good things take time friends. This is about disrupting (reforming) financial services by the people, for the people…And bank charters aren’t as easy to get these days! Give them time; focus on the current buying opportunity, like most of the banks are quietly doing ;-)”

Lund leads Blockchain and Digital Currency market development for IBM. Within his role, Jesse is responsible for accelerating the commercialization of Blockchain solutions to transform the landscape of banking and global commerce. His team leads global partnerships, representing IBM in industry consortiums and guiding IBM’s strategic investment priorities for Blockchain solutions and cryptocurrency initiatives.

He is a financial services veteran with two decades of industry experience. He joined IBM from Wells Fargo, where held a wide range of executive responsibilities within Community Banking, Consumer Products, Commercial Banking, Payments, Wealth Management, Risk Management, Information Technology, and Research & Development.

Earlier on blockchain, he had said:

“Simply stated, Blockchain allows for the globalization of peer-to-peer relationships in real time, which is to say, it removes intermediaries. In developing regions intermediaries can be bad actors, corrupt governments. To that end, whether its financial inclusion (bringing capital and financial services directly to emerging economies in remote villages) or enablement for sustainable development / fair distribution of resources, Blockchain offers a lot to combat the inefficiencies of intermediaries and reduce or eliminate corruption through better transparency.”

This shows the faith he has on distributed ledger technologies. He has led the partnership of Steller and IBM too. On the cooperation, he said:

“First and foremost, stellar-core is a scalable, secure, open source public DLT platform that aligns nicely to the IBM Blockchain platform strategy. It allows IBM to extend its vision for permissioned blockchain networks to support public accessibility. More specifically, Stellar allows IBM to create a permissioned public asset registry and token lifecycle management system that will enable many different use cases where IBM brings operational integrity and stability that most enterprises want. Regarding IBM’s future—I wouldn’t have left a really good job at a really good company (Wells Fargo) to come to IBM if I didn’t believe in IBM’s vision (or my ability to influence it IBM’s perspective on cryptocurrency support, however, is still a work in progress and subject to more understanding from the lawyers and regulators.”

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