JPMorgan Says Blockchain’s Impact Looks to be Marginal

A new report by JPMorgan says they don’t believe blockchain technology will be transformative for the global payments system and will only make marginal improvements; the bank says the payments systems is already digital and that regulators won’t accept a blockchain powered payments system; “Blockchain solutions making a meaningful difference for banks are at least three to five years away,” JPMorgan report said as reported by Business Insider; according to the bank the area where blockchain holds the biggest potential is in trade finance and back office systems for banks. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.