Author

Topic: [2016-02-22]Nasdaq: JPMorgan Quietly Tests 'Blockchain With 2,200 Clients-Update (Read 357 times)

legendary
Activity: 2408
Merit: 1121
Ethereum?

God no.

Its their own private blockchain, the same tired old business standard of ripping off open-source projects and then producing it as a "service" along with a middle-man fee.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
hero member
Activity: 672
Merit: 500
J.P. Morgan Chase & Co. is quietly testing technology that underpins the digital currency bitcoin on U.S. dollar transfers between London and Tokyo, part of an effort to boost its spending to deal with emerging threats from Silicon Valley.

The nation's largest bank has been testing the program in recent months to move U.S. dollars for about 2,200 clients between the two financial centers using a version of the "blockchain" technology that underpins bitcoin, said Daniel Pinto, head of J.P. Morgan's corporate and investment bank. The bank wants to see whether the blockchain technology, known as the "distributed ledger," can be repurposed for currency clearing and settlement to give clients faster turnaround times and reduce the bank's risk.

http://www.nasdaq.com/article/jpmorgan-quietly-tests-blockchain-with-2200-clients--update-20160222-01282
Jump to: