Exclusive: Behind the Scenes of JP Morgan’s New Blockchain Plan

[kreslik.news]

Despite the fact that its CEO has taken a very public stance against cryptocurrency and blockchain in the past, JPMorgan is exploring the creation of a new blockchain-based system for working with debt.

In an exclusive conversation with Finance Magnates, a source from JPMorgan Chase has confirmed that the firm is developing a blockchain-based syndicated debt trading platform to be used internally. The platform will initially be tested in the firm’s commercial bank; if successful, the platform will spread to the firm’s other “sub-banks.”

At this point, the platform “is only a concept for JPMorgan,” the source explained, and is ... (read more)