Blockchain-focused startup VAKT has hired formed JP Morgan and Mercuria Energy Trading S.A. managing director, Etienne Amic, as its new CEO, Finextra states.
VAKT is a blockchain-based startup, which re-imagines commodity post-trade processing underpinned by distributed tech.
Amic says he was "aware of VAKT from the start," however he was truly impressed only when VAKT succeeded to create a consortium of traders.
"To have such prestigious companies pulling in the same direction - many of them competitors - tells you this is something very powerful that the industry really needs," Amic highlighted.
However, JP Morgan still believes that blockchain technology is not yet ready for mainstream adoption.
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