Blockchain is the technology behind online payment system bitcoin, and leaders from the bank said it would make many types of transactions quicker and more accurate.
Blockchain works as a public ledger, storing information on transactions without the intermediary of a central banking authority. While Bitcoin and cryptography like it were at first limited to a fairly niche audience, JPMorgan has sought to lead an industry shift toward this kind of information-sharing. The company teamed up with Digital Asset Holdings, a digital technology company run by former JPMorgan executive Blythe Masters.
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