Slide 19
Slide 19 text
JP Morgan - Expanding Blockchain to 75 banks
The Financial Times reported that JPMorgan, has now built in a clearing feature
that would allow for real-time verification that a transaction is being sent to a valid
account. Currently, an error in the recipient’s account number, sort code, or other
detail, can result in the payment being rejected days after it was sent.
The Interbank Information Network has been built on Quorum, the
ethereum-based blockchain network revealed by the bank in 2016. The settlement
system will be live in by Q3 2019, and will allow both domestic and international
payments.
https://www.jpmorgan.com/country/US/en/detail/1320570135560
https://github.com/jpmorganchase/quorum