Cryptocurrencies
JPMorgan Says Blockchain Is Making Progress Outside Crypto
- Research chair Chang says meaningful impact 3-5 years away
- Trade finance, supply chain seen as areas for advancement
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It may take a few years for blockchain’s impact to be felt meaningfully, but it will provide some advancements in certain areas even as cryptocurrencies falter, according to JPMorgan Chase & Co.
“Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements,” JPMorgan’s chair of global research, Joyce Chang, said in an interview on Monday. “The most meaningful impact will probably be three to five years away and mostly on trade finance.”