Blockchain Startup Libra Hires Former Siemens Chief Risk Officer

Blockchain startup Libra has announced a new hire as it expands its suite of enterprise-focused auditing tools.

Libra – which began offering accounting software for bitcoin users before expanding to more traditional enterprises – is growing its Libra Enterprise platform to feature a series of new modules (including its LibraTax offering). The firm is including tools for regulatory oversight as well as automated processing for auditing.

The startup is also beefing up its staff, tapping Dr Rod Brennan, who previously served as chief risk officer for the North American business of German tech giant Siemens. Brennan will take a role as Libra's director of audit technology, playing an active role as the startup expands its suite of offerings.

"As an experienced CRO, Rod understands what's needed for mission critical risk and audit teams within organizations to support the operationalization of enterprise blockchains. We are extremely excited he has joined the team," Jake Benson, Libra's CEO and founder, said.

According to Benson, the startup is rolling out its new suite of services ahead of pending announcements about its work with various clients, details it expects to divulge later this year.

"The modules are in various stages of development, we expect to be able to discuss client projects and product details in the 2nd half of 2017," he said.

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