Director of investments JPMorgan Lori beer said at a press conference in Buenos Aires that in a few years, the blockchain “will replace the existing technology,” wrote the Argentine website Cripto247. In particular, the bir said
We will see more widespread use of the blockchain in a few years, when it will replace the existing technology. Today he coexists with it only.
Bir explained that JPMorgan uses blockchain technology to “simplify the process of payments and store customer information that allows them to verify”. She stated:
Now we go in several directions. We have created a blockchain, open source, based on Ethereum. The blockchain technology has not yet solved the problem to achieve the required privacy and scalability. We work with Ethereum, and Hyperledger Enterprise Alliance. The application of this technology in the business playing for us more important than the technology itself. We not only strive to reduce prices, but also looking for opportunities to develop new products.
Bir asked a question about the attitude of JPMorgan to purchase the cryptocurrency. She explained that the Bank only supports regulated phenomenon, and his professional yet “view of what is happening” in the field of digital currencies. Bir chose not to answer the question about how she leads the Institute relates to the ICO.
This month, the head of JPMorgan Chase Jamie Dimon optimistic things about the blockchain. He said that the Bank is testing the technology and plans to use it in a number of projects.
In may, JPMorgan Chase filed a patent application for a p2p payment system on a blockchain that can be used in domestic and interbank payments. The patent application provides for processing payments in real time through a distributed registry without the need to resort to the trusted third party.
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