‘Blockchain; Not Bitcoin,’ Says Franklin CEO Jenny Johnson

Jenny Johnson – CEO of $1.4 trillion money manager Franklin Templeton – recently called Bitcoin a “distraction” from true financial innovation. By contrast, she said its blockchain technology will have a “pretty dramatic” impact on the financial industry, and others. In an interview with Bloomberg, Johnson doubted that governments will allow Bitcoin to become a dominant global currency. “It’s more like religion, and people are going to debate it,” she said.  Blockchain, however, was another story. She claimed that her…