The chief govt of blockchain firm Alogrand has stepped down, and the corporate’s chief working officer will take his place.
Because the Boston agency mentioned in a news release Wednesday (July 27), W. Sean Ford has been named Alogrand’s interim CEO, changing outgoing Chief Govt G. Steven Kokinos, who’s leaving to pursue different pursuits. Kokonis is about to stay with Alogrand as a senior advisor till the center of subsequent 12 months.
“We thank Steven for his time and dedication to Algorand. He has been instrumental to the preliminary success of our enterprise, and we admire his dedication to a seamless transition,” mentioned Founder Silvio Micali, an MIT professor and Turing Award-winning mathematician who focuses on cryptography, secrecy and blockchain. “Sean is properly positioned to associate with me to maintain the corporate operations working enterprise as regular, and to assist us transition Algorand to our subsequent part of progress.”
PYMNTS profiled Alogrand earlier this 12 months, referring to it as “a smart-contract platform that goals to offer a quicker, cheaper, safer, extra scalable blockchain transaction.”
“By the numbers, Algorand can course of 1,000 transactions per second (TPS) and has a sub-5-second block time, which refers back to the frequency with which new blocks of transactions are written onto the blockchain, and thus finalized,” PYMNTS mentioned.
See additionally: PYMNTS Blockchain Series: What’s Algorand? The Blockchain Securing Transactions by Spreading the Wealth
Ford joined Alogrand in 2018 following a stint at LogMeIn, the place he served as chief advertising officer. He’s held quite a few different management roles, together with CMO and COO of Zmags, CMO of Syncsort, and vp of the worldwide enterprise unit advertising at Oracle.
Alogrand mentioned that it has seen “important progress” this 12 months, together with its latest appointment because the official blockchain platform of the Fédération Internationale de Football Association (FIFA), the worldwide governing physique of affiliation soccer.
NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS WITH STRONG DEMAND FOR SUPER APPS
About: The findings in PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed the responses from 9,904 consumers in Australia, Germany, the U.K. and the U.S. and showed strong demand for a single multifunctional super apps rather than using dozens of individuals ones.