Categories: Ethereum

Crypto News: JPMorgan to Start Trials, IBM Launches New Enterprise Blockchain Platform

Click here to view original web page at

The pace of disruption is accelerating in the crypto universe.

Some of the largest and most powerful businesses in the world are beginning to adopt blockchain technology. And those that don't are likely to be left behind.

The Motley Fool would like to help you stay abreast of these game-changing developments. To that end, here's some news that caught our attention in recent days.

Image source: Getty Images.

JPMorgan to start JPM Coin trials later this year

JPMorgan Chase (NYSE:JPM) is seeing notable interest from its customers for its new JPM Coin cryptocurrency, according to Bloomberg. The largest U.S. bank by assets says its clients are eager to see whether the digital token can help to shorten the time it takes to finalize bond trades.

JPM Coin is a stablecoin -- a digital token whose value is backed by real assets such as fiat currencies. The coin's price is pegged to the U.S. dollar, and it can be redeemed for cash from JPMorgan Chase. JPM Coin currently operates on the Quorum Blockchain, a private version of Ethereum.

Management at JPMorgan Chase says that JPM Coin could allow for the "instant" delivery of bonds via its blockchain platform. Currently, bond transactions typically take several days to settle.

The bank holding company intends to begin testing JPM Coin toward the end of 2019, if regulators approve the trials.

Umar Farooq, head of digital treasury services and blockchain at JPMorgan Chase, sees the project as part of a far larger trend toward the tokenization of financial assets. "We believe that a lot of securities over time, in five to 20 years, will increasingly become digital or get tokenized," Farooq said.

IBM revamps its enterprise blockchain platform

International Business Machines (NYSE:IBM) wants to help businesses of all sizes build and operate blockchain networks. The tech titan recently introduced a new version of its IBM Blockchain Platform that's designed to make it easier for companies to experiment with its tools and services.

The IBM Blockchain Platform can now be deployed to public clouds such as Amazon Web Services and Microsoft's Azure, as well as on-premise private clouds. The upgraded platform also offers enhanced capabilities designed to make smart contract development and network management easier.

Perhaps most importantly, this new version of the IBM Blockchain Platform gives users the flexibility to pay for only the blockchain components they need, when they need them. IBM says its new pricing model will allow users to "start small and pay as you grow." It's a tiered pricing structure that's been proven effective by other software-as-a-service providers such as Shopify and, particularly in regard to appealing to small- and medium-sized businesses.

And by catering to businesses both large and small, IBM is increasing the size of its addressable market, while also helping to boost blockchain usage among a greater number of companies. "Through our partnerships, solutions, and services, we continue to lay the groundwork for widespread adoption of enterprise blockchain," said Jerry Cuomo, IBM's vice president of blockchain technologies.

10 stocks we like better than JPMorgan Chase
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and JPMorgan Chase wasn't one of them! That's right -- they think these 10 stocks are even better buys.

*Stock Advisor returns as of June 1, 2019

This Marijuana Stock Could be Like Buying Amazon for $3.19
A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming.

Cannabis legalization is sweeping over North America – 10 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.

And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.

Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.

Simply click here to get the full story now.

Some of the largest and most powerful businesses in the world are beginning to adopt blockchain technology. And those that […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Should You Use MST Gift Cards at US Casinos?

US-facing online casinos don’t exactly feature a robust selection of deposit methods. Most gaming sites only offer a couple of… Read More

21 mins ago

Bitcoin {BTC} the reigning asset: Why Gold Barons and Value Investors constantly shun the king coin

Warren Buffett is a popular investor who was once one of the richest men in the world. He has claimed… Read More

21 mins ago

Bitcoin’s Bull Run Could Be Just Getting Started—Here’s Why

Bitcoin has soared so far this year, with the bitcoin price rising more than 200% since the beginning of the… Read More

21 mins ago

Late Hal Finney Predicted $10 Million Per BTC After Satoshi Release

Although some Bitcoin critics will spite anyone who believes that the cryptocurrency will be worth more than 1000× its current… Read More

6 hours ago

Bitcoin {BTC} adoption: chief as well as U.K. Central Bank leader are optimistic about virtual currencies

Bitcoin is placed right at the top of the market, with the BTC dominance rate currently at 68.7%. The trading… Read More

6 hours ago

Top Pro Athletes Like Messi Would Make a Killing in Bitcoin Earnings

According to Messari research, Lionel Messi's take-home pay would be "12,700 $BTC" annually. Cristiano Ronaldo's would be 10,000 bitcoins. |… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More