JPMorgan CEO Jamie Dimon issued new remarks on bitcoin and the blockchain as part of the Barclays Global Financial Services Conference in New York today.
During a 40-minute question-and-answer session, the noted bitcoin skeptic suggested that JPMorgan is optimistic about the potential use cases for bitcoin's underlying distributed ledger, the blockchain, and other distributed ledgers.
According to a report by American Banker, the CEO further spoke to the growing interest among major banks in blockchain technology and its applications, stating:
However, he cautioned that it's still unclear whether blockchain-based solutions will be more efficient and secure than post-trade financial services products such as those offered by companies like Depository Trust & Clearing Corp.
The statements followed the news that the global financial giant had partnered with distributed ledger startup R3CEV alongside companies including BBVA, Credit Suisse, Goldman Sachs and UBS.
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As part of the deal, announced Tuesday, R3CEV will work with JPMorgan and its eight partner banks on unspecific proofs-of-concept relating to use cases for blockchain technology.