GBBC Virtual Members Forum: Algorand & Central Bank Digital Currency (CBDC)

The Global Business Blockchain Council (GBBC) has launched “GBBC Virtual Members Forum,” to highlight leading companies in the blockchain space and their work via open town halls and presentations hosted every other Thursday from 9:15am-10:00am EDT beginning on April 2, 2020.

David Markley, Head of Business Solutions at GBBC member Algorand, will kick off the series with a presentation on the Algorand blockchain and how the Republic of the Marshall Islands is launching the SOV – the world’s first sovereign digital currency.

Session Description:

Current methods of cross border economic exchange are riddled with challenges that include lengthy wait times to send funds, exchange and transactions fees, operational risks, settlement issues, tracking issues and more. Central bank digital currency initiatives need to solve for these issues, but also bring into play the required regulations and compliance mechanisms.

The Marshall Islands recently chose the Algorand protocol as the technology for its digital currency due to the blockchain’s speed, scalability, security and ability to effectively implement required compliance controls and the transaction finality needed for a national currency.

Join us for a conversation with Algorand on the unique needs of governments, central banks and traditional financial organizations.

David Markley Bio:

David leads Algorand’s Business Solutions team who are focused on partnerships, solution architecture, investments, portfolio management, and building new blockchain based financial products.

Hardware Founder turned Software Product Manager, he has held a number of leadership positions managing strategic initiatives and partnerships in a diverse set of industries including oil & gas, renewable energy, cybersecurity and now blockchain.

David’s breadth of experience enables him to successfully help companies evaluate the potential business opportunities that blockchain technologies can unlock while building realistic plans to do so. Prior to leading Business Solutions at Algorand, David was a Product leader at Carbon Black (IPO 2017, VMWare Acquisition 2019).rtua