JPMorgan Securities’ Joyce Chang has said that blockchain technology is still far from reaching institutionalization.
Joyce Chang, global research chair at JPMorgan Securities, has said that blockchain technology is still far from institutionalization and must still overcome key hurdles before it can break through to cross-industry adoption at scale. Chang made her comments during an interview on the “Bloomberg Daybreak: Americas” television show on Feb. 7.
Chang noted that blockchain adoption — if not yet institutionalized — is being spearheaded by industries with particular characteristics where the technology can bring real and immediate backend efficiency gains. She highlighted those sectors that rely upon cumbersome legacy paperwork systems, giving the example of trade finance, where she said she expects blockchain to have a particular impact over the next three to five years.
Another key area…
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