JPMorgan Says Blockchain Is Laying Foundations for Digital Money

JPMorgan Says Blockchain Is Laying Foundations for Digital Money
фото показано с : bitcoinist.com

2020-2-22 16:30

JPMorgan released a report last Friday, detailing the global enthusiasm for blockchain technology in the financial sector. In the 74-page report, JPMorgan described several projects that have shown ‘real world’ application for Blockchain in finance and as a result describes 2019 as the year of “the rise of digital money”. In the report, the US investment banking heavyweight elucidates many of the most promising use-cases which it sees as having the potential for wide-spread adoption in the financial sector. JPMorgan Reports Huge Moves Towards Blockchain In the report, JPMorgan describes the way in which blockchain — the technology which allows a ledger to be controlled by multiple agents — is being rapidly taken up by financial and political actors. They suggest that the “groundwork is now in place” for the massive adoption of blockchain in the realm of “Payments, trade finance, and custodial services”, which “remain the clearest use cases for blockchain”. JP Morgan says that the merits of the technology are to facilitate cross-border payments using digital assets and in allowing some equity trades. The Recent Growth Of Blockchain Over the last several years, research and investment in blockchain technology have been taken up by some famous brand names: Facebook (with their Libra coin), the Winklevoss brothers’ (Gemini coin), and JPMorgan (with the JPM coin). Governments are moving in as well: For example, China is said to have been developing a new digital Yuan, which will be regulated by the central bank there, and Great Britain’s Bank of England has announced the start of its research into creating a digital currency. The attempt to successfully adopt distributed ledger technology and create a digital currency has become akin to a technical arms race mirroring the episode Winklevoss vs. Zuckerberg to establish a social network and the historical arms race between West vs East. What are the challenges — according to JPMorgan? While the report discusses the massive uptake and rise of blockchain technology — it is not overly optimistic. After giving encouraging descriptions of the changes, the firm demotes the cryptocurrency project to a second rate investment. “Developments have not altered reservations about the limited role that cryptocurrencies play in global portfolio diversification or as a hedging instrument,” JPMorgan warns. They argue that crypto acts as a ‘hedge’ to protect their investments from loss of confidence in traditional currency. This differs from the attitudes of many crypto asset management firms, such as Enigma Securities who recently told me that they believe cryptocurrency should soon play a pivotal role in hedge fund portfolios. What do you think about JPMorgan’s observations on the rise of blockchain technology? Share your thoughts in the comments below!  Image via Shutterstock

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.2407 (-100%)

jpmorgan blockchain report money digital world application

jpmorgan blockchain → Результатов: 126


Фото:

JPMorgan Includes Blockchain in Its Digital Transformation Plan: New Report

A new report by Research and Markets titled “Digital Transformation and Fintech Strategies of JPMorgan Chase” is shining light on the Wall Street giant’s plans for the future. The report suggests that the bank is depending on a digital transformation strategy that will include blockchain, artificial intelligence, and robotics, among other up-and-coming technologies.

2018-10-3 16:49


Фото:

Ведущие банки протестируют сеть IIN от JPMorgan

Межбанковскую информационную сеть IIN (Interbank Information Network), запущенную американским финансовым холдингом JPMorgan, протестируют 75 банков. Об этом сообщает Business Insider со ссылкой на Financial Times.

2018-9-26 14:53


Фото:

From Space Exploration to Exploring the Crypto Space: Former SpaceX Engineer Launches Cryptocurrency Exchange

The cryptocurrency industry has been shaking up the job market lately. There has been a noted increase of top-level executives from banks and financial institutions such as Deutsche Bank, JPMorgan and Goldman Sachs leaving their traditional posts for exciting new career paths in the crypto scene, according to a Medium report.

2018-9-21 16:49


Goldman Sachs и JPMorgan инвестировали $32 млн в блокчейн-стартап Axoni

Ориентированный на корпоративный сектор блокчейн-стартап Axoni привлек $32 млн в ходе раунда финансирования серии B, возглавляемого Goldman Sachs и Nyca Partners. Axoni Announces $32 Million Series B Funding Led By Goldman Sachs and Nyca Partners https://t.

2018-8-14 18:22


Фото:

Бывший аналитик JPMorgan: блокчейн — ключ к избежанию нового экономического кризиса

Бывший вице-президент инвестиционного банка JPMorgan Chase утверждает, что блокчейн «может быть ключом к избежанию нового экономического кризиса». Своими мыслями Пан Хуадон поделился в разговоре Cointelegraph.

2018-7-24 15:00


Фото:

The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis,” the China Economic Times reports today, July 23.

The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis,” the China Economic Times reports today, July 23.

2018-7-23 17:30