A move to implement better blockchain solutions for enterprises undergoing digital transformation
Talos Enterprise Blockchain appoints former TD Bank and ING Group chief architect as president
In a move to implement better blockchain solutions for enterprises across industries that are undergoing digital transformation, Talos Enterprise Blockchain appoints a 30-year veteran as president.
“Its team is truly committed to bringing world-class solutions to drive digital transformation”
Talos Enterprise Blockchain announced that Minaz Sarangi has joined the company as president. Sarangi was earlier the Chief Architect at TD Bank Financial Group and ING Group, and brings over 30 years of experience on the team.
Among the team Sarangi will be leading are:
- Michael Luna, the former CTO at Jawbone and named on more than 117 issued US patents
- Shahid Ahmed, member of the Federal Communications Commission (FCC) Technology Advisory Council
- Camilo Usuga, co-founder of one of Latin America’s first social commerce startups, Talos Digital, along with:
- CEO Amyn Gillani, Advisor Saqib Malik, and CMO Keith Magnum.
Said Sarangi, “I’ve been impressed with Talos Enterprise Blockchain for some time and am excited to join at this stage of growth.”
“Its team is truly committed to bringing world-class solutions to drive digital transformation.”
Talos Enterprise Blockchain offers solutions to enterprises for blockchain development, from strategy consulting to management of large scale permissioned-based networks.
The organization entered the market earlier this year supported by a veteran management team.
According to studies, the global blockchain industry is expected to exceed $2 trillion within the upcoming decade, a startling pace of growth.
After an unpredictable 2017 and a bear market in 2018, the blockchain industry appears to be refocusing itself on providing new meaningful services and advancements.
According to a study carried out by “Big Four” auditing and financial services company KPMG, business leaders in the tech space have great expectations for the use of blockchain technology.
The study was carried out by the well known financial services company’s US Blockchain Program Lead, Tegan Keele. One of the main take-aways from the report is that technology executives hold the expectation that blockchain adoption will lead to improved business efficiency.
Twenty three percent of those surveyed believe that efficiency in terms of business processes can be improved through the implementation and application of blockchain technology.
Other highlights in terms of technology executives expectations as to the top benefits of blockchain adoption include product/service differentiation (12%), cost reductions (9%) an new business insights from incremental data (9%).
With this year being witness to new major blockchain investments, enterprises appear more ready to implement these products, leveraging blockchain to gain an edge in a number of industries.
If recent trends are to be believed, this upcoming year may prove to be transformative.
This article includes a client of an Espacio portfolio company.