A senior trade finance executive for JPMorgan Chase has offered new details on the bank's work with blockchain technology.
Speaking to Financial News, Jeremy Shaw, head of trade finance for Europe, the Middle East and Africa, said that the area is just one in which the bank is looking at possible distributed ledger applications. The comments came during a broader conversation about the topic of trade finance and its future.
He told the publication.
The bank disclosed earlier this year that it is testing blockchain for international money transfers, a trial performed in conjunction with Digital Asset Holdings, a startup led by former JPMorgan executive Blythe Masters.
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