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   540

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.

DROXNE to Release Roadmap

Droxne has announced that it is working on the white paper and roadmap, which will be released on February 20, 2018
20 February 2018   205

Droxne is a peer-to-peer crytpocurrency gaming platform which uses DRXNE as its ingame currency. DRXNE is a decentralized and open-source cross platform cryptocurrency dedicated to enhancing the gaming experience on the blockchain for all users.

Droxne has announced that its team is working on the white paper, roadmap, ecosystem website and a new platform work stream. Droxne plans to release the full version of its roadmap on February 20, 2018.

DROXNE roadmap release announcementDROXNE Roadmap Release Announcement

The other future development plans of Droxne include building new Droxne website, integrating APIs to show DXRNE price, PoS difficulty, sharing count on website homepage. Moreover, it strives to build a developer fund to facilitate payment of bounties – initially community donations, long term explore funding with portion of staking income.

At the moment of press, these are main market parameters of DROXNE:

Average price: $0,015766
Market cap: $1 057 791
24h volume: $3 330