Blockchain has a great future

Gary Gensler, who headed the US Commodity Futures Trading Commission from 2009 to 2014, said that blockchain has brilliant prospects as this technology allows to reduce costs and risks as well as to give stability to those who use it.

The former high-ranking official is an active supporter of new financial technologies.

Gensler is one of the participants of the” digital cryptocurrency Initiative”, a program developed on the basis of the Massachusetts Institute of technology and which is aimed at spreading information about blockchain and cryptocurrencies.

Gensler gives lectures on these topics to students and also acts as an informal consultant to American regulators on the development of legislative initiatives in relation to blockchain and cryptocurrencies.