Why Wall Street Fears Blockchain: Franklin Templeton CEO Explains the Threat to Traditional Finance

In the world of finance, few topics are as divisive as blockchain and its impact on traditional business models. While some see it as a revolutionary force, poised to disrupt and transform the industry, others are hesitant, fearing the implications for their profits. This dichotomy was on full display at the Proof of Talk summit in Paris, where Jenny Johnson, CEO of Franklin Templeton, a $1.74 trillion asset manager, openly addressed the industry’s hesitation to deploy decentralized networks. In my opinion, Johnson’s comments shed light on a deeper issue: the struggle between innovation and tradition in the financial sector. (Read more…)

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