AT&T CEO Brings Up Blockchain
Although the cryptocurrency markets have lost hundreds of billions of dollars in market capitalization, and many investors who bought in late 2017 or early 2018 are down on their investment; it hasn’t stopped many high-profile individuals in the business world to comment on the immense potential of blockchain technology. Blockchain actually came up during an interview with AT&T CEO Randall Stephenson that was posted on the Youtube account of the Wall Street Journal, which boasts over a million subscribers.
“In The Elevator” Topics
Joanna Stern of the Wall Street Journal interviewed the executive for an “In the Elevator” segment, which attempts to offer a less formal and more humorous interview format for the CEO to answer questions that might be relevant to his business, philosophy, and perspective. It lasted around 3 minutes.
The AT&T CEO Randall Stephenson spoke on various subjects, including 5G technology and its implications, stating that it will be “way faster” and “totally instantaneous”.
Thanks to the controversial AT&T – Time Warner merger, one of the world’s largest telecommunications companies in the world now actually owns CNN, which has gained more attention than ever thanks to President Trump, who constantly criticizes the network and claims that it is biased.
The relationship grew even more tense thanks to the fact that Jim Acosta seemed to become a specific target for the President. The White House even revoked Acosta’s credentials in a decision that was ultimately reversed, although many pointed out that this was a threat to the freedom of the press.
Stephenson offered his thoughts, calling the incident a “concern”, and emphasized that the free press was important. He also said, “I think CNN’s job is not to be popular with the President…[but] to hold people in power accountable.”
At around 2:48, Stern asks: “What technology, not from your company, are you most excited about ‘hitting’ the next couple of years?”
Stephenson answered: “I think definitely blockchain technology. The idea that we could have really, really, great security in everything that we are doing online. It’s a game changer.”
For those who are unaware, blockchain technology is the underlying technology behind Bitcoin and cryptocurrencies in general, and this interview is a further indication that more high-profile CEOs are aware and excited about its potential.