2016/08/30 5:00 AM
On July 18th, 2016, the California Public Employees’ Retirement System (CalPERS) discussed investing in the blockchain at “2035 Vision — Investing in the Future,” a talk on the agency’s future vision plan.
Also read: Kim Dotcom Requests Court Hearing to Be Livestreamed
Blockchain: Investing in the Future
The talk was lead by Jesse McWaters, Project Lead, Disruptive Innovation in Financial Services, Financial Services Industries, World Economic Forum — who provided a presentation about blockchain technology to CalPERS.
McWaters began the talk offering the audience a story about how fintech has been viewed by financial services incumbents through time. More specifically, he detailed different attitudes these incumbents had about fintech in the space of about a year, saying at first, they viewed it as entirely non-threatening, but after a year had completely changed their tones regarding the matter.
After a while he shifting gears specifically…