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JP Morgan Tests Blockchain’s Capital Markets Potential

“The bank demonstrated a prototype of its blockchain-based platform for capital markets, called Dromaius, on Wednesday at the Consensus 2018 conference” writes Sara Castellanos for wsj.com. Photo: Sara Castellanos / The Wall Street Journal NEW YORK — J.P. Morgan Chase & Co. is experimenting with the way blockchain could help cut costs and facilitate smoother transactions within capital markets, where securities are bought and sold.Moy and her blockchain team have the support of Lori Beer, global chief information officer for J.P. Morgan.J.P. Morgan joins other banks including Banco Santander S.A. that are experimenting with how blockchain-based platforms could be used for capital markets, where huge sums of money, a variety of stakeholders and lots of coordination are involved.There might also be other challenges related to figuring out how this new technology integrates with legacy systems, Ms.
 
Source: wsj.com



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