JPMorgan Chase has ventured beyond its traditional ‘walled garden’ approach by settling a transaction on a public blockchain. This marks a significant step for the banking giant as it explores the potential of blockchain technology in enhancing transparency and efficiency in financial operations. By utilizing a public blockchain, JPMorgan Chase aims to streamline processes and reduce costs associated with traditional settlement methods. This move underscores the growing acceptance of blockchain technology within the financial sector, signaling a shift towards more decentralized and transparent systems. — new from Fortune
