KURT WUCKERT JR .
PAYMENTS
Jones emphasises the importance of addressing environmental responsibilities : “ Banks must address this issue in line with growing investor sentiment and new regulations , such as the EU ’ s Corporate Sustainability Reporting Directive ( CSRD ), which requires companies to report Scope 3 emissions . It can ’ t simply be ignored .”
Dr . Scott Zoldi identifies another critical application of blockchain technology in supporting AI model development and operational use . “ By defining responsible AI standards and framework , blockchain can codify the absolute requirements needed to meet regulatory standards and release the AI model / system .
“ This ensures that no AI is released unless all requirements and regulatory standards are satisfactorily met , providing an immutable history of AI development and decisions for future use in production .”
Kurt highlights notable pilot projects demonstrating blockchain ’ s potential in financial services .
“ JPMorgan ’ s Interbank Information Network ( IIN ), built on Quorum , an enterprise-focused version of Ethereum , aims to address interbank information sharing challenges by providing a secure , efficient platform for cross-border payments , he says . “ Over 300 banks have joined the network , highlighting its potential to revolutionise interbank transactions by reducing delays and operational costs .
KURT WUCKERT JR .
TITLE : CHIEF BITCOIN HISTORIAN COMPANY : COINGEEK
INDUSTRY : BLOCKCHAIN / FINTECH
LOCATION : FLORIDA , US
Kurt is an entrepreneur in South Florida focused on media and bitcoin infrastructure . As Chief Bitcoin Historian at CoinGeek , Kurt brings a unique blend of expertise from a long career in bitcoin mining , business management and cybersecurity .
“ Santander ’ s use of Ripple ’ s blockchain technology for international payments is another example . Santander ’ s One Pay FX platform leverages Ripple ’ s blockchain to provide same-day international transfers with enhanced transparency and lower fees compared to traditional methods .”
These case studies underscore the substantial promise of blockchain technology in transforming financial services , enhancing efficiency and reducing costs , despite the broader blockchain economy ’ s speculative and volatile nature .
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