JP Morgan Chase uses blockchain in cross-bank payments

Interbank Information Network (IIN) based on Quorum blockchain will help JP Morgan Chase to perform cross-bank payments
17 October 2017   972

American financial holding JP Morgan Chase announced the launch of Interbank Information Network (IIN) based on Quorum blockchain. The solutionwill reduce delays in payments between banks. This is reported by the Reuters.

Representatives of JP Morgan Chase positively assess the prospects for implementing distributed registry technology in their activities.

IIN will enhance the client experience, decreasing the amount of time – from weeks to hours – and costs associated with resolving payment delays. Blockchain capabilities have allowed us to rethink how critical information can be sourced and exchanged between global banks.
 

Emma Loftus
Head, Global Payments and FX, J.P. Morgan Treasury Services

The project was launched in partnership with the Australian bank ANZ and Royal Bank of Canada. It is expected that later other financial institutions will join it.

Within the treasury service JP Morgan processes trillions of US dollars transactions daily.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   99

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.