A new report by JPMorgan says they don’t believe blockchain technology will be transformative for the global payments system and will only make marginal improvements; the bank says the payments systems is already digital and that regulators won’t accept a blockchain powered payments system; “Blockchain solutions making a meaningful difference for banks are at least three to five years away,” JPMorgan report said as reported by Business Insider; according to the bank the area where blockchain holds the biggest potential is in trade finance and back office systems for banks. Source.
