Alogrand COO Named Blockchain Firm’s New CEO

The chief government 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 Government G. Steven Kokinos, who’s leaving to pursue different pursuits. Kokonis is ready 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 recognize 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 effectively positioned to accomplice with me to maintain the corporate operations working enterprise as typical, and to assist us transition Algorand to our subsequent part of development.”

PYMNTS profiled Alogrand earlier this 12 months, referring to it as “a smart-contract platform that goals to supply a sooner, 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 a variety of 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 development” this 12 months, together with its current appointment because the official blockchain platform of the Fédération Internationale de Football Association (FIFA), the worldwide governing physique of affiliation soccer.