This time, the employee in question is blockchain specialist Amber Baldet.
Amber Baldet is a prominent individual in the Fintech industry. Over the course of her illustrious career, she has received accolades such as making the Fortune’s coveted 40 Under 40 list.
Until her departure, Baldet filled the role of executive director and blockchain program lead at JPMorgan’s Blockchain Center of Excellence. She also served as the chair of Financial Industry Working Group within the Enterprise Ethereum Alliance.
Since joining JPMorgan in 2010, Baldet slowly started to garner attention within the banking institution’s blockchain initiative. She gradually yet certainly, became one of the most revered individuals in bridging gaps between the banking and cryptocurrency industries.
As reported by Reuters on April 3, Baldet’s departure from JPMorgan was confirmed through a memo sent to the media outlet by Umer Farooq, the bank’s head of blockchain initiatives.
It was reported that Baldet left JPMorgan to follow her own venture.
However, no details were provided on the said initiative.
JPMorgan spokesperson Jessica Francisco commended Baldet’s efforts to minimize the distance between blockchain technology and the conventional financial industry, stating that her talent and perseverance made JPMorgan achieve its current stature in blockchain research.
“Amber is extremely talented and helped build the outstanding team we have today,” Francisco said.
“We respect her desire to start her own venture and we wish her nothing but the best.” She added.
Baldet will be succeeded by Christine Moy, who is a senior product manager at JPMorgan’s Blockchain Center of Excellence.
Baldet’s stature in the Fintech industry and her connections and approach when it comes to the cryptocurrency industry make her a prominent figure in both segments.
The next move in her career could prove to be significant for both the institutions and people within these sectors.
It would be prudent to note that one of the most prominent ventures that Baldet helmed during her time at JPMorgan was Quorom.
Quorom is a blockchain platform that has been described as a permissioned or private version of Ethereum that also provides high throughput for faster transactions
The system was designed for institutions that wanted to run their own blockchain applications to supplement their day to day operations with confidential data.
Given her experience with financial applications and her previous initiatives to leverage the security and efficiency of blockchain to reshape conventional financial models, Baldet’s next venture could have something to do with an amalgamation of both of these industries.
Since it was confirmed that Baldet is not going to join another company but going to launch her own project, it seems that she might be leaning towards unveiling a cryptocurrency-centric, blockchain venture by herself. If this is true, then Baldet’s brainchild could very well be the next disruptive blockchain product of 2018 – but that’s not all it is going to do.
It would also show that something more important is taking place. More confidence from the older guard in emerging markets like the cryptocurrency industry.
High profile executives like Amber Baldet might be leaving comfortable institutions like JP Morgan because they sense possible growth and a higher return on effort in joining the young cryptocurrency industry.
However, Baldet’s website, as well as her social media channels, have remained clear of providing any details on this front.