Blockchain The Spark For The Next Industrial Revolution?
Steve Chiavarone, a VP at financial services company Federated Investors, made bullish comments on blockchain technology as an “economic growth driver” in an interview on CNBC Friday, May 11.
Chiavarone believes that automation, robotics, AI, blockchain and the internet of things (IoT) will dive the next industrial revolution.
He also notes how big banks like Bank of America have started taking interest in blockchain and “are investing heavily.” In addition, he stated that “any company with a supply chain can benefit from this [blockchain].”
Chiavarone is a Vice President and Portfolio Manager at Federated Investors, which reportedly manages $392.2 billion in assets.
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