Former chief executive officer at Barclays, Anthony Jenkins, has joined the board of Blockchain, following the launch of his start-up in the distributed ledger tech space.
Blockchain runs the largest production distributed ledger technology platform and has reported record growth this year, since its launch in 2011.
The company claims to have doubled its number of bitcoin wallets and now powers over 150,000 transactions a day around the world.
Jenkins - who was CEO at Barclays between 2012 and 2015 - added that blockchain technology has the potential to “reinvent the way we use money and contribute to a finance system that’s high quality, low-cost, secure, fair and transparent.
Co-founder and chief executive officer at Blockchain, Peter Smith, explained Jenkins’ appointment will help the firm “revolutionise the financial system as we know it and enable billions across the globe to have a better, more efficient and more secure, financial future.”
In October this year, Jenkins announced the launch of his start-up company, 10x Future Technologies, a technology platform that uses software to provide banks with a method of merging complex data systems.
Jenkins is the latest in a growing number of senior executives in the financial services industry moving into blockchain technology and the FinTech space.
Last month, former chief executive officer of the New York Stock Exchange, Duncan Niederauer, was appointed to the board of blockchain firm, Paxos.
He joined Paxos’ board alongside former FDIC Chairman Sheila Bair, former US Senate Bill Bradley, former FASB chairman Robert Herz and former CEO of Lotus Development Corporation, Jim Manzi.