JP Morgan Chase Blockchain Trial: Bitcoin Server Could Streamline Loans And Settlements, Executives SayJP Morgan Chase, the biggest U.S. bank by assets, is looking to blockchain, a digital currency platform, to streamline deals, the Financial Times reported Sunday. Blockchain is the technology behind online payment system bitcoin, and leaders from the bank said it would make many types of transactions quicker and more accurate.
“Blockchain will be big in everything related to settlement, and not just loans. While it is still early days, the technology looks very good,” Daniel Pinto, head of JP Morgan’s investment bank, told the Financial Times.
http://www.ibtimes.com/jp-morgan-chase-blockchain-trial-bitcoin-server-could-streamline-loans-settlements-2287500
