Digital asset transfers happen a lot faster than traditional methods. Fireblocks Head of APAC & Vice President, Product Strategy and Business Solutions, Stephen Richardson, explains why.

Our MPC-CMP algorithm at Fireblocks has brought a complete evolution in our clients’ security architecture. There are many benefits in utilizing MPC, such as the distribution of signing, the removal of a single point of failure from the system, and flexible M event signing structures. But MPC has its downsides, including a low transaction speed due to multiple rounds in the MPC signing process, and a lack of a truly air-gapped MPC solution.

How does blockchain help traditional banks streamline their processes? Fireblocks Head of APAC & Vice President, Product Strategy and Business Solutions, Stephen Richardson, explains. For large and complex organizations like banks, their legacy technology has many inefficiencies in the recognition and settlement of assets. But once you put an asset on the blockchain, you create a singular basis for identifying assets and a central point of visibility for the entire organization to manage how that asset interacts across multiple business lines.

Where is digital asset regulation headed, and how will it impact the industry? Fireblocks Head of APAC & Vice President, Product Strategy and Business Solutions, Stephen Richardson, gives his take.