Franklin Templeton CEO: Public Blockchains Likely to Replace Parts of Traditional Financial Infrastructure, Unlocking New Value for Investors

BlockBeats News, June 14, according to Fortune, Franklin Templeton CEO Jenny Johnson stated that public blockchains are evolving into ultra-efficient coordination machines, potentially replacing parts of traditional financial infrastructure while unlocking new value for investors. Solana, one of the first blockchains focused on institutional investors, has demonstrated the capacity to process nearly 65,000 transactions per second, which is comparable to the Visa network. Sui, a newer blockchain, nearly doubles that transaction processing speed. With upcoming upgrades, public blockchains could soon boost their throughput to hundreds of thousands or even millions of transactions per second.

Decentralized exchanges like Uniswap, which enable peer-to-peer market-making without custodianship, are rapidly catching up to their centralized counterparts in traditional exchanges, processing trillions of dollars in transactions annually. As these systems speed up, their validation and security functionalities have also significantly improved, enabling not only resistance against hacking but also better identity and asset ownership verification. The transformation brought by digital asset technologies will not be slow or incremental. Over the next five years, the pace of development in our industry is expected to surpass that of the past fifty years.