JPMorgan Notes Marginal Improvements to Payment System With Blockchain Technology

Experts at financial services giant JPMorgan (NYSE:JPM) say that blockchain technology will provide benefits to banks and payment systems, Bloomberg reports on Jan. 29.

JPMorgan’s chair of global research, Joyce Chang, said, “Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to five years away and mostly on trade finance.”

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