Wall Street Blockchain Alliance announces development of financial markets education platform

Rage Review : Former JPMorgan Chase executive Blythe Masters refused to join Barclays and continued to work for blockchain startup Digital Asset Holdings. It was once called a turning point in the financial industry. Obviously, Wall Street, the world's financial center, has long been aware of the disruptive power of blockchain. Wall Street giants have been exploring blockchain technology for some time. International experience tells us that we cannot fully tap the potential of blockchain alone, and relevant technical knowledge needs to be popularized. Therefore, this month, the Wall Street Blockchain Alliance announced the WSBA certification framework, which is committed to establishing a blockchain education platform for the financial market, which is fully in line with the needs of technological development.

Translation: Annie_Xu

The New York-based blockchain advocacy group Wall Street Blockchain Alliance (WSBA) recently released the WSBA Certification Framework (WCF) in conjunction with blockchain technology company Positrust LLC.

Ron Quaranta

WSBA Chairman Ron Quaranta said in an interview that WCF will serve as an educational platform to increase the popularity of distributed ledger technology, explain blockchain expertise and cultivate financial market talents.

“WCF will serve as an educational platform to promote blockchain knowledge in the financial markets, across all financial services sectors and disciplines, including technology, product and project management, business analysis, strategy, etc.”

In addition, WCF will adopt and improve emerging technologies and use cases in the market.

Quaranta pointed out that WSBA members are concerned about the prospects of blockchain and distributed ledger technology in the financial market and hope to acquire more knowledge and talents to maintain competitiveness, so they created the WCF.

Quaranta said there is currently a lack of expertise in blockchain or distributed ledger technology in the financial market, so as the adoption and use cases of the technology increase, there is a need to build relevant knowledge training and update platforms.

“As we often see in financial markets, one of the industry’s biggest challenges is the lack of significant technical and commercial expertise around blockchain and distributed ledger technology.”

“As the use cases for blockchain technology in financial markets increase, the importance of training and updating technical knowledge becomes increasingly prominent. We are excited to launch the WCF in conjunction with Positrust and look forward to working together to promote blockchain applications.”

Andrew B. Kasaija, director of Positrust, commented on the industry's attention and said that aside from all the hype and theoretical assumptions, there is an urgent need for technical experts who can understand the implementation, integration and promotion of technology.

“Appropriate technology integration can enable the deployment of distributed ledger technology to achieve the expected efficiency and cost-effectiveness. The WCF proof of concept mechanism is committed to improving the model of technology implementation within the industry and promoting the actual application of technology in the capital market.”

Commenting on the collaboration, Quaranta said that WSBA decided to work with Positrust because they share a common vision and commitment to expanding the use and adoption of technology in financial markets.

“We are excited to partner with Positrust alongside our peers, and in particular Mr. Kasaija. He and his team not only share a common mission to expand the adoption of blockchain in financial markets, but are also eager to educate their colleagues and current and future participants in the financial markets to maximize the potential benefits of blockchain.”

We are currently seeking applications for pilot projects and expect to announce the first batch of selected projects in the fourth quarter of 2016.