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JPMorgan Manager sees the Blockchain as an opportunity for trade – Coin Hero

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JPMorgan Manager sees the Blockchain as a Chance for trade

Home News JPMorgan Manager sees the Blockchain as a Chance for trade

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Matthias Nemack –
31.01.2019

In the case of JPMorgan, an expert on the future role of the Blockchain is expressed. Just in the trade you recognize good opportunities for Application.

U.S. Bank recognizes the Blockchain as a Future way

Signs and wonders can be very gradually in the industry of financial service providers realize: the giant of the Investment and Banking industry, such as Morgan Stanley or JP Morgan did a long hard, Bitcoin, Ethereum, or other crypto-recognise currencies. Now it is said company, JPMorgan, speaks of the Blockchain in the future, when it comes to new technology. But only the Blockchain as a technological model for the financial world and other industries.

Important separation of Blockchain and currency?

In the home, JPMorgan Chase & co. is currently of the opinion that the Blockchain have introduced the financial industry has already made visible progress. Especially in the area of Finance in the area of trade, the research chief Joyce Chang see, according to Agency reports, positive developments. Is important but generally speaking, the crypto currencies such as Litecoin and the current Top currencies, equally split of the Blockchain. In short: The currencies of the market, keep at the prestigious US Bank continues to be rather for a castle in the air, to put it pictorially.

Existing systems for payments can be improved

In addition, Chang is also careful in highlighting the good aspects in terms of efficiency. So the Blockchain is quite a technical concept, to design, for example, the financial sector more efficient and to optimize payment systems. However: there is a need for probably a few years until the technology will have changed the industry in the appropriate direction. On the other hand, the expert at JPMorgan is also of the opinion that the good results would possibly be a significantly less comprehensive in that it imagines some of the Blockchain-Fan maybe. Chang expressed, in Interviews, the Blockchain will tend to systems there are no”reinvention of the global payment”.

The Blockchain will provide, within five years for changes

However, the small improvements the Manager is important. As the period within which the first changes, the Commission considers that a three – to five-year period is realistic. The trade will be happy about it. For Blockchain-Fans, this recognition is also important. The large banks, digital currencies, from Bitcoin to Cash to Zcash pay continues to largely miss, is in the nature of the thing, the crypto-currencies but as competition for the traditional banking landscape.

Featured Image: Martina Badini | Shutterstock.com

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