Rob Jesudason, the Chief Financial Officer (CFO) of Australia’s Commonwealth Bank (CBA), has left the bank to join a blockchain company, the Sydney Morning Herald reports May 14. Jesudason resigned with immediate effect in order to become the group president and chief operating officer of blockchain software firm Block.one.
Block.one is the developer of the ‘EOS.IS’ blockchain software, an operating system-like platform that aims to support the creation of decentralized apps on an industrial scale. The firm launched an initial coin offering (ICO) in June 2017 to issue its ECR-20-compatible ‘EOS’ tokens, which are scheduled to be distributed incrementally over a 341-day period until July 2018. At $12 bln, EOS is the fifth largest crypto asset by market capitalization.