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Blockchain

More than 70 banks join JPMorgan’s blockchain payments program

JPMorgan has been trialing its blockchain payment network, named Interbank Information Network, since October 2017. The Interbank Information Network is a blockchain ledger shared across banks enabling them to quickly resolve issues such as compliance checks, wrong addresses or missing data — decreasing the time spent on settling payments. Current banks testing the Interbank Information Network include Royal Bank of Canada, ANZ, Société Générale, Santander, and JPMorgan. (Source: Financial Times)