Blockchain getting closer
JPMorgan has created the Quorum open source platform based on blockchain with the aim of applying it to the financial world. Although the development has been internal, its applications are huge and is attracting much interest in other areas. National Bank of Canada, for example, is assessing debt issuance based on Quorum.
The possibility of simplifying processes and, therefore, costs, is an aspect that is present in the mind of many investors that could be based on chain blocks to expedite international transfers, interest rate payments, or issuance of financial instruments.
The interest in the project has bequeathed to a point where JPMorgan has thought to separate Quorum from the bank’s activity so that it grows without constraints.