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I’m not sure your use of <cite> is semantically-correct. A citation refers to a source, not an author. Sometimes a source contains the author’s name, such as in academic referencing (e.g. Cormack (1994, pp.32-33)).
But most of the time it will refer to the title of the document.
Using <cite> to encode who spoke the text inside a <blockquote> doesn’t seem semantically correct. Subtly, it would be correct to put the source as <cite>Spoken conversation, Albert Wotshisname</cite>, but not <cite>Albert Wotshisname</cite>.
What do you think?