JPMorgan CIO: Blockchain to Replace Today’s Technologies

August 28, 2018

JP Morgan CIO Lori Beer said during her speech at the press conference in Buenos Aires that blockchain will replace the technologies existing today.

“We will see a greater and wider use of blockchain [...] In a few years blockchain will replace the existing technology, today it only coexists with the current one”, she noted.

As she put it, JPMorgan enables blockchain for easier payment processing and for storing some data of its customers. She believes that blockchain helps in fighting against money laundering and added, the bank makes use of the technology in several ways at a time, from collaborating with Hyperledger and Enterprise Ethereum Alliance to developing its own project based on Ethereum blockchain.

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