Jacob Dienelt, investment manager at Morgan Stanley, was hired as the new head treasurer of Factom, a bitcoin technology company. He co-founded Lazzerbee, a company for paper bitcoin wallet, while he was working at Morgan Stanley, where he worked for almost ten years. Most recently, he managed the bank’s private wealth business team of futures specialists.
He said that he was glad of finding a home in space after two years of working and traveling for mining, bitcoin conferences and managing a paper wallet firm. (Mining is the term used to refer to the use of sophisticated software for solving mathematical problems in exchange for a bitcoin, a kind of virtual currency, requiring no intermediary for web transactions.
He is one of the living examples of bitcoin companies getting skilled talents from the Wall Street. These companies are called Bitcoin 2.0, as they’re finding ways of using bitcoin technology referred as blockchain beyond its main purpose.
A significant innovation—it is how the Bank of England called this latest technology, according to a report last fall. Meanwhile, the genius and business-minded in the Silicon Valley and the Wall Street have started finding ways of repurposing.