JPMorgan Seeks Patent for Blockchain-Powered Interbank Payments

Coindesk -------- JPMorgan Chase is seeking to patent a system for using distributed ledgers as a way to facilitate and reconcile financial transactions, newly-released filings show. In a patent application published by the U.S. Patent and Trademark Office on Thursday (which was originally submitted last October), JPMorgan outlined a system that uses distributed ledgers to record payments being sent from one bank to another using a peer-to-peer network. According to the bank, the tech's use would provide "a unique system for recording transactions and storing data." To learn more click on the picture below to read the article.