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NEWS
IP News index

J.P. Morgan Chase & Co. files patent application of inter-bank P2P remittance which utilizes block chain

On May 3, 2018, J.P. Morgan Chase & Co. submitted to the USPTO the summary of the P2P remittance network which utilizes the distributed ledger technology (DLT), like a block chain, for intra-bank and inter-bank payment.

The utilization of the DLT makes it possible to make a real-time remittance and to eliminate the need to relay on the third-party institution in order to store an audit trail.


https://jp.cointelegraph.com/news/jp-morgan-files-patent-for-blockchain-powered-p2p-payments-between-banks













































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