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JPMorgan will increase the functionality of its information system, created by blockchain technology

FXcoins - JPMorgan will increase the functionality of its information system, created by blockchain technology

John hunter, who is Director of the clearing division of the holding JPMorgan&Chase, recently announced that the full functionality of the internal system of international payments, built on blockchain technology, will be significantly expanded in the near future. Thus was launched a preliminary test project, which the company developed together with the Australian partners of ANZ and of the canadian Central Bank almost two years ago, in the fall of 2017. At that time development was focused on the application of the IIN in the area of operations transfers abroad, and as of today, this technology is potentially ripe and ready to use in practice.


First and foremost, benefit is that banking organizations, which for more than 220 users will be able to track the movement of payment in real time. Until careful tests took an active part, about 75 different organizations. Analysts widely predict serious competition for a number of existing startups that use similar principles in developing their own products, but the results so far quite difficult to predict, given the General nature of the market.

23 April 2019

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