Fusion’s John Liu Featured in Ignites on Adoption of Blockchain, AI
SEC to Shops: Help Us Help You Adopt Blockchain, AI
Published on April 2, 2019
The SEC has assigned staffers to investigate whether emerging technology can help midsize shops compete with larger rivals, but firms looking for such an edge should “get off the sidelines” and start updating their systems and processes now, consultants say.
Fusion Foundation’s Chief Product Officer John Liu, commented on the use of blockchain to increase efficiency within a wide variety of financial institutions.
“…Firms can use blockchain to cut certain intermediaries out of the investment process, says John Liu, chief product officer at Fusion Foundation, a blockchain service provider that caters to financial institutions. For example, blockchain can obviate the need for brokers in the fixed-income market who had traditionally been tasked with matching investors and borrowers, and overseeing the transfer of documents, Liu says. Without the need to pay those brokers’ fees, shops can explore new investment opportunities, he says. “If 2% to 3% of the returns were chewed up by middlemen, now all of a sudden that same set might become a worthwhile investment…”
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