Santander Bank Appoints Blythe Masters as Blockchain principal advisor

This week the bank Santander of Spain announced the appointment of Blythe Masters as its new main adviser in matters related to technology blockchain.

The Bank has shown a growing interest in adopting the blockchain technology for solving problems in traditional finance. In a previous article discussed that the subsidiary of Santander in the UK will be the first bank in the world to test a blockchain platform that enables you to perform payments in euros and dollars to several European countries and the United States.

Due to Santander does not plan to be crushed by the industry Fintech and innovative technology that participants in this area used, have decided to appoint Blythe Masters, former executive of JP Morgan and founder of the software firm blockchain Digital Asset Holdings, to keep abreast of technological changes that represent use a system blockchain.

Thanks to the experience it has acquired Masters through Digital Asset Holding, a company that already has raised more than $60 million between investors as Depository Trust & Clearing Corporation (DTCC), Goldman Sachs and the Australian Stock Exchange, Santander seeks to find new uses of the technology and the digital coin blockchain for the financial market, at the same time that analyze the data of the trial period of its platform blockchain for international payments.

Ana Botín, Executive President of Banco Santander gave his opinion about the event:

"Blythe will contribute its experience in banking, business and blockchain where you will have a significant impact on our digital bank, the council of international advisers and our team of strategies. She has done an exceptional job for Santander Consumer USA Holdings, and I am looking forward toward its approach in our global efforts in the digital banking."

Digital Asset Holdings has not given statements on this event, and although it is unlikely that the appointment of Masters as principal advisor blockchain in Santander affect Digital Asset Holdings, is more than sure that Santander will make significant changes in their way of applying the technology blockchain and the way we do business.

Masters has obtained valuable information about the technology blockchain through collaboration toward Digital Asset holding of important players in the industry as the draft Hyperledger, Bit of Proof, company dedicated to the development of software and services for the blockchain banking, Blockstack.io, which is a platform for financial institutions dedicated to the creation of applications and Digital Elevece blockchain, Exchange, company focused on developing a simple language for financial institutions at the time of run on systems blockchain agreements.

Taking into account the experience it has gained Masters, there is no doubt that the opportunities to improve the processes and technology of Santander are quite high, which should not come as a surprise to anyone yes in a future Santander becomes one of the leading banks in the implementation of the technology blockchain.