""blockchain is real.""
""It's going to replace certain systems that we all use that are clunky or late or not 24/7," Dimon said, citing the short term loans known as intraday repos as an example."
""It's not the only thing that can fix it, and sometimes it's a solution looking for a problem," Dimon stated, arguing that blockchain won't "replace everything.""
""Then that's all I'm going to read about in the headlines," Dimon joked. "Then I get death threats and sh*t like that.""
Jamie Dimon acknowledges that blockchain technology has real utility and supports private, permissioned ledgers for controlled use cases at JPMorgan. He cited stablecoins and the JPMorgan Deposit Token as having real-world applications while noting challenges in reaching agreements on permissions and rules in decentralized systems. Dimon said private chains allow total control over participation and operations. He predicted blockchain could replace some clunky, non-24/7 systems such as intraday repos but cautioned that blockchain is not a universal solution and sometimes addresses non-existent problems. He declined to comment on Bitcoin and noted its origin after the 2008 financial crisis.
Read at Fortune Crypto
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