IBM’s Head Of Blockchain Jesse Lund Leaves The Company

IBM’s head of blockchain Jesse Lund officially left the company after he previously predicted that the price for the number one asset could hit $1 million during our lifetime. In the latest cryptocurrency news below we read more about the reasons, he left the company.

Lund previously gave predictions about the price of the asset citing the growth and scarcity of interest in the space. He also noted previously that he is very optimistic about blockchain as a payments platform. Lund helped to create the IBM World Wire platform with the help of Stellar which made many in in-roads with some of the major banks across the world. He stated:

 “Yes, I’ve left IBM but am still optimistic about payments innovation using Blockchain.”

IBM is one of the companies that are working on cross-border payment solutions for financial institutions including banks. IBM’s head of blockchain has been a part of R3 which is a consortium of banks including Wells Fargo where he previously worked.  However, nor Lund nor IBM gave an explanation about the decision to leave the company.

A few weeks ago, Lund commented on an article about JPMorgan Chase and the partnership with Microsoft saying:

 “Great to see more major players piling on this use case as we approach the tipping point of transforming global financial services. What’s next is an extended solution to bring open fungibility of liquidity and FX across major banking institutions… I wonder if any other big players are working toward that(?!)!”

His position at IBM is the last you can read on his LinkedIn profile indicating that he hasn’t started a new job to another blockchain company.

As reported in the altcoin news previously, another IBM executive, the chief of blockchain division Jerry Cuomo is the only one of the blockchain department still in the company. Cuomo invented the ‘’someone is typing’’ technology which is used in the most of smartphone applications.

 “Jerry holds the prestigious title of IBM Fellow, which is the highest technical position at IBM, pioneering emerging technology projects in the areas of Blockchain, API Economy, Mobile computing, Cloud computing, Web Application Servers, Integration Software, Java, Instant Messaging Software, filling over 65 US patents across these areas.’’