Barclays Finds Blockchain Nirvana

Digital token USC could transform financial markets. But first, backers must prove it is secure.

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It’s billed as blockchain nirvana: a digital fiat currency utilizing distributed ledger technology (DLT) to process and settle transactions in near real-time.

Several initiatives are vying to be first out of the gate. John Stecher thinks Barclays has backed a winner in the utility settlement coin (USC).

Before joining Barclays in August 2017 as group chief technology officer (CTO) and chief innovation officer, Stecher worked at Goldman Sachs, where he built its Marcus branded consumer finance

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