Goldman Sachsโ€™ Interest In Blockchain Shows Innovation Out of Necessity

Mathew McDermott has assumed the role of global head of digital assets for banking giant Goldman Sachs, touting future blockchain predictions.ย  โ€œIn the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain,” McDermott told CNBC for an Aug. 6 article.ย  Tweeting out the quote on Aug. 6, Morgan Creek Digital co-founder Anthony Pompliano added: “Wall Street is about to learn why technologists say innovate or die.” McDermott’s big plans include expansion…