Blythe Masters, former JPMorgan partner-turned “First Woman of Blockchain” will shortly be taking her DLT startup company Digital Asset into the clouds – the Google Cloud in particular – in a remarkable partnership set to take blockchain tech to the next level.
A former Wall Street banker has been invited to take a four-year old starter company and partner up with one of the largest and most influential corporations on the planet. What’s more, that former banker is a woman, and an English woman at that. And that corporation is none other than Google.
Blythe Martin is a former JPMorgan executive who walked away from the banking business in 2014 and set up Digital Asset, her distributed ledger technology (DLT) startup company. Blythe is regarded as one of the sharpest operators in global banking, but that was no guarantee that she could master a whole new business sector with its own unique ecosystem, learn it inside and out, and then within four years create a successful company around that knowledge, and yet that’s exactly what she has done.
The “Hedy Lamarr” Factor
In a similar fashion to 1940s Hollywood star Hedy Lamarr’s recently revealed latent genius for science and invention that means she was the founder of Bluetooth and WIFI, Blythe Martin took to blockchain technology like the proverbial “duck to water” and absorbed it so comprehensively, in just a few short years she has become one of the most important thinkers – and speakers – on the subject.
Many who have watched her lectures on the blockchain on YouTube have proclaimed her to be the first person they have come across who made sense of what remains a highly complex subject to most people. Not only does Masters understand blockchain technology, its evolution and increasing importance within the modern world, the has the innate ability to get her points and opinions across in an understandable and even entertaining fashion.
Digital Asset Partners With Google Cloud
Because of this ability to communicate, it is not surprising that Blythe and her company Digital Asset are whom Google has chosen to do business with. Last month Digital Asset announced that they would be teaming up with Google Cloud in a move created to provide developers, designers and architects wanting to develop blockchain applications with the necessary tools.
Here’s what Blythe said last month:
“We’re partnering with Google Cloud to provide developers with a full stack solution so they can unleash the potential for web-paced innovation in blockchain. This will reduce the technical barriers to DLT application development by delivering our advanced distributed ledger platform and modelling language to Google Cloud.”
Digital Asset will both provide these tools and the necessary support to blockchain app builders entering the Cloud. However, the partnership doesn’t stop there; Google Cloud will become part of Digital Asset’s developer program private beta, and Google Cloud developers will have full access to DAML, Digital Asset’s Modeling Language software development kit. Via Google Cloud, Digital Asset will be in a position to further grow DAML, in the process providing developers with a complete package of everything they’ll need to create blockchain-based apps.
This week, in an interview with CoinDesk, Blythe Masters said:
“Having spent three and a half years in the design-and-build phase, this is the ‘open up and educate’ phase and [the time to] build a community of channel partners and developers,”
“The application of this technology is by no means limited to the world’s biggest market infrastructures. It goes well throughout financial services, well beyond capital markets and beyond financial services into all the other industries that have a vested interest in improving the efficiency of their workflow orchestration.”
About Blythe Masters
It is an incredible coup for 49-year old Masters, and possibly the biggest mainstream linkup yet for a blockchain or cryptocurrency company. However, Blythe has been a winner from the get-go, and risen to the top in every field she has worked in.
Born in Oxford, England, the daughter of a WW2 flying ace, Masters attended the exclusive Kings School in Canterbury before going on to Cambridge where she earned a BA in economics. She joined JP Morgan Chase in 1991, and within six years she had become at just 28 the youngest woman in the bank’s history to achieve the rank of Managing Director.
A succession of further promotions and innovations (Masters is widely credited with creating the modern credit default swap) followed, and by 2007 she was Head of Global Commodities. By 2014, the year she left the bank, JPMorgan had the largest revenues of any investment bank in commodities on the globe. That year it sold its physical commodities business for $3.5 billion.
Masters sits on various US governmental governing boards, including the Chair of the Securities Industry and Financial Markets Association (SIFMA), the Global Financial Markets Association, she is Co-Chair of the Board of the Global Fund for Women, and a member of the Board of The Breast Cancer Research Foundation.
When Masters announced she was setting up her company Digital Asset in 2014, such was the buzz that she received backing from some of the world’s biggest banks and financial institutions including Citibank, Goldman Sachs, JPMorgan, Deutsche Boerse, DTCC, CME, IBM and Accenture.
Now with the announcement of Digital Asset’s partnership with Google Cloud, she is set to show the business world that those blue chip companies were right to back her.