THELOGICALINDIAN - JPMorgan CEO Jamie Dimon has been articulate about his apropos apropos bitcoin and blockchain technology emphasizing his credibility in a contempo affidavit JPMorgan is currently alive with added ample advance banks such as UBS and Credit Suisse to actualize a added abiding blockchain framework that can be acclimated in the banking industry
In his 40-minute Q&A affair at the Barclays Global Financial Services Conference in New York, Dimon absolved letters claiming that the coffer is gluttonous to avenue its aegis and banknote administration operations while blockchain technology is actuality explored.
Dimon said that these rumors accept been circulating in adjustment to bend JPMorgan out of the competition. He directed some of his comments at the battling bankers in the aforementioned conference, as abounding drew speculations from the contempo changes in administration in the company.
The JPMorgan arch accepted that they are borer into the applications of blockchain technology, forth with added above banking institutions. As reported by American Banker, Dimon said that the coffer is aggravating to amount out whether decentralized cyberbanking ledgers can do the job added calmly than longstanding industry utilities like the Depository Trust and Clearing Corp.
Dimon aggregate that they accept met with Digital Asset Holdings CEO Blythe Masters, a above JPMorgan executive, and added blockchain technology companies. On a added alert note, he added that while the systems actuality developed could prove to be added efficient, they charge to assignment on guaranteeing its security.
As for bitcoin, he maintained his agnostic attitude on the cryptocurrency, as he has ahead said that it is a “terrible abundance of value.” He common that bitcoin cannot accomplish as a bill back governments won’t abide money they cannot control, chief to focus instead on the abeyant of blockchain technology and its actualization as a boilerplate band of anticipation for firms and governments.
