“We quickly understood that institutional blockchains would take a long time to mature.”
At FinTech LIVE Singapore, Shawn Douglass, co-founder and CEO of Amberdata, stressed the crucial role of digital asset data in the financial sector.
Shawn reflected on Amberdata’s journey, showcasing its remarkable expansion: “In the early days, we viewed institutional blockchains as a potential shared framework for banks and corporations, aimed at enhancing ledger transparency and automating smart contracts.
“Fast forward to today, and we see these concepts largely realized, with major banks such as JP Morgan, HSBC, and Goldman Sachs actively adopting enterprise blockchain solutions.”
“From the outset, we recognized that it would take considerable time for institutional blockchains to reach full readiness. As a result, we shifted our focus to support public, open blockchains as well as centralized and decentralized exchanges, understanding that accurate data is vital for business development and informed decision-making.”
Since then, Amberdata has been on a continuous growth trajectory, and Shawn describes the company’s evolution as ‘mind-blowing.’
