Cryptos Are Here to Stay, JP Morgan Report Says

This is stated in the internal report of the financial holding
22 March 2018   992

In the internal report of JP Morgan, it is asserted that the cryptocurrencies will not disappear anywhere, they will prosper, and investors will continue to invest in crypto-currencies, attracted by decentralized technologies, anonymity and peer-to-peer networks. This is reported by Smartethereum.

The ecosystem of blockchain will develop further, for a long time, and all existing gaps in the technology of blockchain will be eliminated, JP Morgan believes, according to the report.

The statements in the internal report contrast with the actions of JP Morgan, which last week banned the use of its credit cards for the purchase of cryptocurrency.

JP Morgan's reports, most likely, are not a change in the bank's attitude to crypto-currencies, however, they show that JPMorgan recognizes great potential for crypto-currencies.

In February this year, analysts of JPMorgan Chase presented a report, according to which crypto-currencies can contribute to the diversification global portfolio of securities.

Cobalt & Lithium Supplies to be Tracked With DLT

The platform will be created by the Everledger together with Circulor using Hyperledger Fabric
26 March 2020   839

Everledger, a British startup, has partnered with Circulor to develop a platform based on the Hyperledger Fabric blockchain to track supply chains of cobalt and lithium.

Everledger specializes in using blockchain to combat counterfeiting of precious stones, in particular diamonds. The company’s management said it intends to expand its business using blockchain to control the supply of rare minerals used in the production of batteries.

Well-known carmaker Mercedes Benz is already using Circulor technology to track its supply of cobalt and its carbon footprint. Circulor and Everledger share a similar concept - with the help of the blockchain they control the observance of social and environmental standards in mining. Therefore, startups decided to develop a joint product.

Everledger co-founder Leanne Kemp and Circulor CEO Doug Johnson-Poensgen said their solution will work on the Hyperledger Fabric blockchain. The possibility of interacting with IBM is also being discussed.

Poensgen added that the platform will be used not only to track cobalt production in the Democratic Republic of Congo, but in different regions of the world. For example, lithium mining in the Atacama desert leads to water pollution, so the solution on the blockchain is aimed at preventing environmental disasters.