Jamie Dimon: JPMorgan Chase may be one of the top blockchain users, recognizing the value of the technology

Odaily News JPMorgan Chase CEO Jamie Dimon said at the Financial Markets Quality Conference that the bank may be one of the top users of blockchain technology. Although Dimon has long been skeptical of cryptocurrencies and once called Bitcoin a "pet rock," he acknowledged that blockchain is "a great way to share data" and build trust between banks and customers. JPMorgan Chase created its private network Onyx based on Ethereum in 2020 for wholesale payments, peer-to-peer lending and cross-border payments. It has processed more than $700 billion in transactions to date, and its users include companies such as Goldman Sachs, DBS Bank and BNP Paribas. Dimon also pointed out that although blockchain technology is 12 years old, in his opinion, it is still relatively slow compared to the development of artificial intelligence. (The Block)