Franklin Templeton CEO: Public blockchains are expected to replace some traditional financial infrastructure, unlocking new value for investors

Jenny Johnson, chief executive of Franklin Templeton, says public blockchains are evolving into ultra-efficient co-ordinating machines that have the potential to replace parts of traditional financial infrastructure while unlocking new value for investors. Solana, one of the first blockchains focused on institutional investors, has demonstrated the ability to process nearly 65,000 transactions per second, a figure comparable to the Visa network. Sui is a newer blockchain with almost twice the transaction processing speed of the latter. With the upcoming upgrade, public blockchains may soon be able to increase their throughput to hundreds of thousands or even millions of transactions per second.
Decentralized trading platforms like Uniswap, which allow for peer-to-peer market making without custodian, are catching up with centralized counterparts of traditional exchanges, processing trillions of dollars in transactions annually. As these systems have increased in speed, their verification and security features have also been significantly improved, not only to withstand hacking attacks, but also to better verify identity and asset ownership. The transformation of digital asset technology will not be slow or gradual. It is expected that our industry will grow faster in the next five years than in the past five decades.