Sybrin enters the blockchain & digital
currency domain

As part of their ongoing efforts to innovate the African financial industry, Sybrin aims to contribute and help realise the full potential of the blockchain technology stream in Africa, especially around the digital cash setting. With this in mind, Eugene Etsebeth attended and represented Sybrin at the technology stream of the South African Financial Blockchain Consortium (SAFBC) on 21 July 2017.

blog 26 July 2017

‘The purpose of the SAFBC is to assimilate and demonstrate the transformative potential of blockchain technology for the South African financial industry. The consortium aims to educate and to bring the benefits of blockchain technology to the industry for the benefit of the entire country.’

Eugene heads up Sybrin’s business unit for Emerging Technology, Automated Clearing House (ACH), and Central Banks, and previously represented the South African Reserve Bank (SARB), as observer on the consortium. In addition to having been the Chair of the Virtual Currency and Distributed Ledger Working Group at the SARB, Eugene was also the Technology Lead for Virtual Currencies.

The members of the SAFBC include 22 financial service heavyweights.

The SAFBC objectives are to:

The SAFBC goals are to:

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