JPMorgan Says Blockchain Is Laying Foundation for Digital Money

From bnnbloomberg.ca

JPMorgan Chase & Co. is broadening its perspective on blockchain technology to show how digital money will change the financial world. The emergence of linked databases like the blockchains that enable Bitcoin and Ether to exist as well as changing consumer preferences has turned the modernization of payments into a global theme, the New York-based bank said in a 74-page report Friday. Projects that have broken through to the real world include some equity trades that are now being settled on a blockchain system created by Paxos, while JPMorgan’s digital coin debuted last year to allow the bank to facilitate ... (full story)