JP Morgan Doesn’t See Blockchain as a Threat

Thu, 02/08/2018 - 02:26
Alex Dovbnya
Cover image via U.Today

Umar FarooqJPMorgan’s head of blockchain initiatives — believes that even though Blockchain will have a large impact on many businesses, traditional banks will continue to have a role in the financial ecosystem. Anticipating this impact, JPMorgan has embraced Blockchain technology and employs a number of Blockchain experts, however, Farooq believes “people will find there is always a need for a trusted advisor in the mix.”

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