Feature about a Linfield alumnus or alumna. In this issue, José Gaitán \u2773: Mentor\u27s Help Offers Hope

Thompson, Beth Rogers

English

Handeln med finansiella instrument har effektiviserats avsevärt under de senaste decennierna tack vare den tekniska utvecklingen och internationaliseringen. Pappersbaserade värdepapper har ersatts av digitala finansiella instrument och investerare kan numera på ett enkelt sätt skapa värdepappersportföljer innehållande komplexa värdepapper från hela världen. En välfungerande och effektiv handel med finansiella instrument förutsätter att förtroendet existerar mellan aktörer på finansiella marknader. Idag säkerställs förtroendet inom finansiella marknader av ett antal olika finansiella intermediärer, vilka ansvarar för olika funktioner såsom clearing, avveckling och kontoföring. Transaktionskedjan avseende finansiella instrument består därmed av flera nivåer och varje enskild transaktion måste genomgå samtliga nivåer. Den finansiella handeln har ökat betydligt i omfattningen och ett betydande antal transaktioner är numera gränsöverskridande. Detta har resulterat i ett tämligen komplext, sammanlänkat och sårbart system, vilket bland annat har synliggjorts under den senaste finanskrisen år 2008.     Blockkedjeteknologi, vilken är en typ av Distributed Ledger Technology, kan något förenklat ses som en databas eller ett transaktionsregister. Till skillnad från traditionella transaktionsregister, vilka i regel är centraliserade och förvaltas av olika intermediärer, bygger den nya teknologin på ett decentraliserat nätverk av aktörer utan att någon tredje part är ansvarig för verifiering av transaktioner. Blockkedjeteknologin introducerar därmed ett nytt sätt att genomföra transaktioner med digitala tillgångar, genom att förtroendet säkerställs med hjälp av kryptografiska lösningar och ett decentraliserat nätverk. Blockkedjeteknologin anses av många ha en betydande potential att effektivisera transaktionskedjan avseende finansiella instrument genom att exempelvis automatisera förandet av transaktionsregister samt integrera de olika nivåerna inom transaktionskedjan. Tekniken är dock fortfarande i en utvecklingsfas och många olika utmaningar återstår innan tekniken kan komma till användning. I Sverige präglas transaktionskedjan avseende finansiella instrument dessutom av strikta regleringar, varför frågan uppstår om huruvida lösningar baserade på blockkedjetekniken är förenliga med dagens rättsliga ramar.   I denna uppsats diskuteras huruvida och på vilket sätt blockkedjeteknologin skulle kunna effektivisera vissa funktioner inom transaktionskedjan avseende finansiella instrument samt vilka rättsliga frågeställningar som uppstår i samband med tillämpning av den nya tekniken utifrån dagens rättsläge i Sverige.

Cerneckis, Gvidas

Academic Archive On-line (Linköping University, Sweden)

Blockchain technology in the financial markets : Can blockchain technology provide for more efficient trading in securities?

DigitalCommons@Linfield

Linfield Magazine Volume 5 Number 3 Winter 2009 Article 17 Winter 2009 Alumni Profile Beth Rogers Thompson Follow this and additional works at: https://digitalcommons.linfield.edu/linfield_magazine Recommended Citation Thompson, Beth Rogers (2009) "Alumni Profile," Linfield Magazine: Vol. 5 : No. 3 , Article 17. Available at: https://digitalcommons.linfield.edu/linfield_magazine/vol5/iss3/17 This article is brought to you for free via open access, courtesy of DigitalCommons@Linfield. For more information, please contact digitalcommons@linfield.edu. 3 0   -   L  I  N  F  I  E  L  D    M  A  G  A  Z  I  N  E W  I  N  T  E  R    2  0  0  9   -   3 1Class Notes Alumni ProfileMentor’s help offers hopeCollege was not on young José Gaitán’s radar while witnessing drug-dealing and murder in his central Seattle neighborhood. His career horizon expanded from bus driver (to see more of the city) to garbage collector (bet-ter union), before he decided on ferry deck hand as the perfect job.His father, an undocumented worker from El Salva-dor, was deported when Gaitán was 5. His mother strug-gled to support José and his younger brother and sister. As a child he experienced homelessness and hunger.  Gaitán found his vision of a better future at Seattle First Baptist Church, where the late Walt Pulliam, a for-mer Linfield trustee, was Christian education minister. “Walt was just a phenomenal guy,” Gaitán said. “He and [pastor] Bernie Turner and others at that church had a strong commitment to social justice and inclusion.”Pulliam started a neighborhood youth program where Gaitán played basketball after school. That led to his joining a Boy Scout troop and learning “the Scouting way,” he said. “It had a very profound effect on me, and still does.”One day Pulliam asked if he’d thought about col-lege. Gaitán had no money and mediocre grades. But with his mentor’s encouragement, he obtained scholarships and a work-study position at Linfield. The college’s quiet at-mosphere was such a shock that he considered leaving, but Gaitán learned to appreciate having time to reflect and think, in addition to abundant food.  “I had a wonderful academic experience there,” he said. “It was a values-based education; values were woven into the curriculum. The professors had a genuine interest not only in their subject matter but also in helping young people grow.” He learned to study, graduating magna cum laude with a history major and political science minor. Gaitán returned to Seattle and earned a law degree at the University of Washington. He now is managing mem-ber of The Gaitán Group, PLLC, a law firm specializing in corporate litigation. His clients include Walmart, Shell Oil, General Motors and Denny’s. Chemical Bank hired his firm to represent its bondholders in the $4.5 billion class-action lawsuit against Washington Public Power Supply System, 1983-96, then the largest bond default in history.  Gaitán has appeared on the cover of Money maga-zine. He has met world leaders, including former British Prime Minister Margaret Thatcher, Presidents Clinton and George H.W. Bush, former Attorney General Janet Reno and former Secretary of State Madeleine Albright. But the names Gaitán drops most are people he credits for his success.  “I believe I got to be a lawyer because of the hard work of so many other people,” he said. “I believe there’s no such thing as a self-made man or woman. Everyone that goes to any college, including Linfield, should recog-nize that others have made sacrifices for that institution to survive and deliver a good education. We need to give back, in time or in wealth if we have it.” Gaitán continues to give back. A former Linfield trustee, he received the 2000 Alumni Service Award. He mentors first-year law students at the University of Wash-ington, where he has taught as an adjunct. He has served as president of the Hispanic National Bar Association and chaired the Washington State Commission on K-12 Ac-countability in Public Education (the A+ Commission). He chairs the Urban Enterprise Center, which promotes diversity in business. And he served as chairman of the board of the Safeco Field Public Facilities District, help-ing to get Seattle’s Major League Baseball stadium built in 1999. These are only a few of his many civic and profes-sional contributions – a list as lengthy as this entire article.   “I have known José a long time, and I have a very high regard for him,” said Bernie Turner, a Linfield trustee. “His early life was very difficult, but he was able to make use of programs available through the church and com-munity that gave him a leg up on life. He saw the possi-bilities and made tremendous use of the help offered and his college experience.” – Beth Rogers ThompsonJosé Gaitán ’73, managing member of The Gaitán Group PLLC•	Fixed	payment	amounts	guaranteed	for	life•	Attractive	rates	(generally	5-8	percent)	•	Immediate	income	tax	charitable	deduction•	Capital	gains	tax	savings	on	gifts	of	appreciated	securities•	A	legacy	left	for	future	generations	of	studentsA Charitable Gift Annuity is a great way to make a gift to Linfield while also helping yourself.  Benefits of this popular plan include:Find it with a Charitable Gift Annuity!Looking for Financial Security?For more information, contact Craig Haisch ’95, director of planned giving , at 503-883-2675 or chaisch@linfield.edu.Science University and Nabil is a third grade teacher in Hills-boro.Casandra Kanable ‘08 of Fort Collins, Colo., is working on a master’s in environmental and natural resource economics at Colorado State University. She is also a research assistant in the Department of Agricul-ture and Resource Economics.Brihtani Lassiter ’08  of Anchorage, Alaska, is a member of the Harlem Ambassadors basketball team which presents basketball shows designed for family entertainment and to promote healthy lifestyle choices for young people.Jennifer Wismer ’08 of  Gaston was named the first alternate for the Oregon Dairy Princess-Ambassador. In memoriamMabel (Youngberg) Weis ’33 of McMinnville, Oct. 8.Walter Weathers ’36 of Sa-lem, Oct. 14. Survivors include wife Bernice (Broer) ’36. Ruth (Pfouts) Robins ’39 of McMinnville, Sept. 7. Philip McHarness ’40 of Salem, Dec. 10. Survivors in-clude brother Donald ’37 and son Stephen ’70. Gerald “Bud” Parsons  ’42 of McMinnville, Aug. 25. Bernard “Bud” Monnes ’42 of Gresham, Oct. 28. Survivors include grand-daughter Elisa Anderson Morgan ’00. Louise (Pfouts) Parks ’42 of Salem, Nov. 29. Donald Ramseyer ’42 of Twin Falls, Idaho, Nov. 16. Gerald Parsons ’42 of Mc-Minnville, Aug. 25. Betty Sunde ‘42 of Ed-monds, Wash., Jan. 7. Jack Hoffman ’46 of Port-land, July 3. Emilie (Raue) Blomberg ’50 of Carnation, Wash., Aug. 8. Frank Smith ’50 of Idaho Falls, Idaho, Oct. 22. Robert Francis ’51 of Newberg, Nov. 17. George Waterbury ’51  of  The Dalles, Sept. 16. Survi-vors include granddaughter  Haley ’00. Thomas Hughes ’52 of Fossil, Oct. 24. Ronald Ridenour ’53 of Roseburg, Dec. 5. Edward Beeler ’55 of Se-quim, Wash., Sept. 27. Vivian (Curtis) Graves ’50 of Meridian, Idaho, Sept. 21. Survivors include husband Robert ’51. Richard Swinney ’60  of Port Orchard, Wash., July 2. Survivors include wife June (Machamer) ’62. Ben Smith ’66 of McMinn-ville, Sept. 3. Darrell Catherman ’69 of Las Vegas, Nev., Sept. 2. Nonda Clark ’71 of Bend, Oct. 31. Survivors include brother Ned ’63. Cheryl Henderson ’72 of Orlando, Fla, Sept. 24.  Barbara Painter ’76 of Col-orado Springs, Colo., April 13. Survivors include parents Gerry ‘50 and Jackie (Schaake) ‘54.  Elizabeth (Roth) Hinds ’78 of Stayton, Aug. 21. Thomas Bank ’84 of Ca-mas, Wash., Dec. 11.GSHJoan (LeCocq) Cach GSH ’53 of Seattle, Wash., Dec. 31.Friends and familyWalter Pulliam, trustee emeritus, of Mercer Island, Wash., Nov. 26. Survivors include son Walter ’75 and granddaughter Stephanie ’07.Got news? Have you changed jobs? Received a promotion? Returned to school?  Received another degree? Started a business? Did you get married or have a child in the last 12 months? If you have news for your classmates and other Linfield friends, visit us online at: www.linfield.edu/alumni

Alumni Profile

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Digitala Vetenskapliga Arkivet - Academic Archive On-line

https://digitalcommons.linfield.edu/cgi/viewcontent.cgi?article=1118&amp;context=linfield_magazine

Alumni Profile

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Publikationer från Linköpings universitet

Digitala Vetenskapliga Arkivet - Academic Archive On-line