JP Morgan Blockchain Spin-Off Kadena Hires New Head of Growth

March 8, 2018
311 Views

Blockchain startup Kadena is continuing its expansion plans with the addition of a former Capco innovation lead to its ranks.

Ben Jessel will serve the new head of business growth for Kadena, which announced in January that it had raised $2.25 million during a private-placement SAFT round. The company’s co-founders previously worked within JP Morgan’s Emergent Technologies group, with the startup branching off from that effort.

Jessel is the former head of innovation and blockchain at financial services consulting firm Capital Markets Company (Capco), where he remains an advisor. In an interview with CoinDesk, Jessel said he was bringing a strategic lens to Kadena, adding that “there’s some very exciting technology here … the question is, how do we make this real for clients?”

To that end, Jessel explained that while his focus will be on Kadena’s private blockchain offerings, he is working with the team behind its public Chainweb network, which is expected to launch later this year.

Part of the challenge is in deciding whether Kadena should offer an end-to-end solution product or simply put forward the tools to help its clients develop their own solutions, he said.

To help in solving that puzzle, Kadena offers its clients access to the language behind its blockchain, simplifying the process to add to it.

“One of our beliefs is that organizations are going to require a fast, available public blockchain, and they need a code that can be understood by people within the organization,” he explained.

Businessman miniature image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].

https://www.coindesk.com/jp-morgan-offshoot-kadena-hires-new-business-growth-head/

You may be interested

Coinbase Acquires Blockchain-Tracking Startup Neutrino for Undisclosed Price
Crypto News
13 views
Crypto News
13 views

Coinbase Acquires Blockchain-Tracking Startup Neutrino for Undisclosed Price

btcethereumadmin - February 19, 2019

Coinbase has acquired blockchain analytics startup Neutrino as part of a wider push to offer more diverse crypto assets across…

Bitcoin Price Crosses Key Long-Term Hurdle For First Time in 9 Months
Bitcoin
17 views
Bitcoin
17 views

Bitcoin Price Crosses Key Long-Term Hurdle For First Time in 9 Months

btcethereumadmin - February 19, 2019

View: Bitcoin has passed through the 100-day moving average for the first time in 272 days. The primary lower-high trend…

Germany Seeking Industry Feedback for National Blockchain Strategy
Crypto News
10 views
Crypto News
10 views

Germany Seeking Industry Feedback for National Blockchain Strategy

btcethereumadmin - February 19, 2019

The German government is seeking industry feedback ahead of developing the country’s blockchain strategy by the summer. A Reuters report…

Leave a Comment

Your email address will not be published.