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JP Morgan Chase Now Bullish on Blockchain?

What a difference a few months make! Jamie Dimon the CEO of J.P. Morgan Chase now not only regrets calling bitcoin a fraud, but now believes in the technology behind it and has endorsed blockchain technology for its wealth of potential. “The blockchain is real,” Dimon tells Fox Business news.JP Morgan Blockchain report

JP Morgan has some fairly “bullish” words for their Asset Managers about Blockchain technology on the jpmorgan.com website where there is now a report entitled “Unlocking Economic Advantage with Blockchain: A guide for asset managers”.

In the report JP Morgan stresses for managers “on the sidelines” to get off the bench and get into the game!

JP Morgans Chase also lists the various benefits of blockchain in an info graphic:

blockchain benefits

JP Morgan spells out some of the benefits of blockchain

It is of interest to see the shift from JP Morgan Chase:
Starting with (1) “Bitcoin is a fraud” (2) In their annual report to shareholders, which said “cryptocurrencies such as Bitcoin and Ethereum are potential competition” (3) JP Morgan backs Circle, which is now buying the crypto currency exchange Poloniex to finally (4) Their recent Blockchain technology guide for their asset managers.

 

Green-Eco-EV News Reporting by Ken Green Burridge

kenneth green burridge Kenneth Burridge test-drives electric Nissan LEAF in Melbourne Australia

EV of the Year Judge, independent green journalist, photographer, author and sustainability activist that has published over 1000 articles. Mr Burridge’s travels have taken him to over 40 countries and 300+ major cities. He is originally from the USA, but has been residing in Australia for the last seven years. Connect to Ken Burridge on: Twitter, facebook, Google+Linked in or website

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