It was amazing feeling to be able to be involved in invention, but not just invention - the creating of a marketplace that had real value to add. Blythe Masters More Quotes by Blythe Masters More Quotes From Blythe Masters I do believe CDSs [credit default swaps] have been miscast, much as poor workmen tend to blame their tools. Blythe Masters credittoolsbelieve Blockchain technology, or distributed ledger technology, is just a way of using the modern sciences of encryption to enable entities to share a common infrastructure for database retention. Blythe Masters blockchainjusttechnologyway The blockchain is the financial challenge of our time. It is going to change the way that our financial world operates. Blythe Masters challengechangetimeworld Blockchain technology represents a generational opportunity to mutualize database infrastructure across entities within financial services. What that translates into is an enormous cost-saving, risk-reducing, and capital-enhancing opportunity. Blythe Masters blockchaintechnologyopportunity If you think about any multiparty process where shared information is necessary to the completion of transactions, and the coordination of activity and the exchange of value, that's where blockchain technology can be put to good use. Blythe Masters valuegoodyoutechnology The thing about innovation in financial markets is they're always building on what has come before. It's a natural process. Blythe Masters alwaysbuildinginnovationprocess In financial services, the front end of the world operates at super-high speeds: comparative advantages are measured in fractions of nanoseconds. And yet back end processes - the amount of time you have to wait when you sell a stock before cash hits your account - can take days. Blythe Masters waityoutimeworld A credit derivative, at its core, is actually a very simple concept... The simplest way to think of a credit derivative is it is analogous to insurance against the risk of a credit default by your counterparty, your business counterpart. Blythe Masters thinkbusinesssimpleway With private chains, you can have a completely known universe of transaction processors. That appeals to financial institutions that are wary of the bitcoin blockchain. Blythe Masters blockchainyouchainsuniverse Digital Asset has a revolutionary technology platform that eliminates the counterparty risk and lack of transparency that has hindered mainstream adoption of cryptographic technology. Blythe Masters transparencydigitalrisktechnology It is noticeable how many times you see a panel at a conference made up of all men or look into the audience and see very few women, whether it is an event focused on technology or business. Blythe Masters womentechnologybusinessmen I have a quantitative background, but really, derivatives appealed to me because they require so much creativity. Blythe Masters backgroundbecausemecreativity In bypassing barriers between different classes, maturities, rating categories, debt seniority levels and so on, credit derivatives are creating enormous opportunities to exploit and profit from associated discontinuities in the pricing of credit risk. Blythe Masters opportunitiesdebtcreditrisk The credit derivative market would never have evolved but for the preexistence of the derivative markets because so much of the technology was borrowed. Blythe Masters becausenevercredittechnology I think the most important thing to understand about credit derivatives and their use at JPMorgan is they served a number of different purposes. First and foremost, they were a tool which initially was seen as being useful in managing the bank's own risk management challenges. Blythe Masters ownunderstandmanagementchallenges You have to abide by the regulations that the regulators insist on. This is not a philosophical divide - it's a fact of life. Blythe Masters dividefactyoulife Distributed ledger technology is fashionable. In fact, if you could wear it, you'd put Ralph Lauren out of business, at least in my case. Blythe Masters wearyoutechnologybusiness Our view is that sensitive, contractual, market-moving, private data should be kept private. Blythe Masters ourviewsensitivedata I spent my whole career thinking about risk, markets, infrastructure, and regulation. I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem. Blythe Masters careerproblembelievethinking I've always been motivated to innovate where the implications are significant. Blythe Masters beenwherealwaysmotivated
