JPMorgan creates new unit for blockchain projects as it says the technology is close to making money

From cnbc.com

After years of hype with little to show for it, blockchain technology is on the cusp of a breakthrough: Making money in actual business applications. At JPMorgan Chase, the firm’s digital currency JPM Coin is being used commercially for the first time this week by a large technology client to send payments around the world, said Takis Georgakopoulos, the bank’s global head of wholesale payments. That development, along with several other behind-the-scene moves, convinced JPMorgan to create a new business to house its blockchain and digital currency efforts called Onyx, Georgakopoulos said last week in a phone ... (full story)