News

Notable Investment Firm Manager Says Blockchain Is The Future Of Industry

Steve Chiavarone, of Federated Investors, has declared today how he believes that blockchain will be one of the most determining technologies for the future of the industry on CNBC’s program “Trading Nation”.
Steve Chiavarone is vice president and Portfolio Manager of Federated Investors, a firm that specializes in offering managing services for investors. He has a long trajectory, with more than 10 years in the advising and investment strategy planning business. He has also contributed often to the Wall Street Journal and Bloomberg as a recurring guest.
Chiavarone stated that blockchain will be one of five key technologies that will unleash the next industrial revolution, the others being Artificial Intelligence, Automation, the Internet of Things and Robotics. Steve thinks that most of the use of blockchain technology will come from businesses that are part of a supply chain or platforms who benefit from a supply chain. For him, the true importance of this tech lies in the possible savings in time and money that its leverage might bring if it is implemented correctly. In this order of ideas he stated:

“COMPANIES CAN GET MORE EFFICIENT SUPPLY CHAINS, THEY CAN CUT THEIR MIDDLE AND BACK OFFICE COSTS, AND THAT WILL LET BUSINESS FLOW MORE EFFICIENTLY, ALLOWING COSTS TO BE CUT AND ALLOWING SAVINGS TO BE PASSED ALONG”

Steve thinks that actually, most people are buying cryptocurrencies because it was the first real application of blockchain, but that the future lies in the application and implementation of blockchain tech into the industrial space.
Steve’s way of thought seems to be in line with most of the executives in his line of work, but this kind of implementation of blockchain will only be achieved with a long-term approach; a survey made by Gartner earlier this month found that more than 75% of the industry has no interest in implementing any blockchain based application to their operations in the near future.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…