JPMorgan Launches Blockchain Innovation Lab in Greece – Blockchain Development


Leading banking entity JPMorgan has declared that it is establishing a fresh blockchain innovation lab. Greece. The Lab will be engaged in the development of applications OnyxThe financial institution released its blockchain platform ‘Blockchain Platform’ in 2020. It also provides digital ID solutions.

JPMorgan to Enhance Blockchain Improvement in New Innovation Lab

JPMorgan is an international banking giant recognized for its investments. It has thousands of customers all over the world. JPMorgan has now established a new innovation lab. GreeceIt can help to build solutions utilizing blockchain tools. The Lab will be mainly focused on the creation of applications. OnyxThe platform that was unveiled in 2020 by the bank.

This New innovation labs will be an integral part of the Blockchain Launch Group, which creates and deploys blockchain-based programs for bank clients using Onyx technology. Tyrone LobbanHead of Blockchain Launch & Onyx Digital Assets JPMorgan reported that it is looking for four more positions to support its new initiative. These include two full-stack software engineers, a mobile application engineer and a technical supervisor.

The Blockchain-based solutions have been employed by the company for some time. In 2022, Lobban noted The bank settled $1 billion each day using blockchain technology.

Digital Identity

Lobban Furthermore, the new unit will be essential for the research and design of digital identity solutions. This will allow the organization to expand its capabilities. Digital identity is one of the many use cases that are supported by the Onyx Blockchain-based portfolio.

On What could digital identity mean? Lobban said:

We Consider Digital Identity it is vital to unlock the possible size Web3 enables for completely new interactions with web2 providers and services. Web3 alike.

The The company’s interest in digital identity could be part a move that should not be disregarded in the future. A report titled “The Rise of Digital Identity Wallets” Released in January By Mobey ForumA non-profit global knowledge group, details how banks are uniquely placed to be part of the digital identity cloth for the long term. You can also add this service to your current one. digital wallets

In JanuaryStudies revealed that JPMorgan was part of a group of banks creating digital wallets. Wells Fargo, Bank Of America There are four other financial institutions.

What Do you think the JPMorgan innovation lab is worth your consideration? Greece? Let Please leave a comment below.

Sergio Goschenko

Sergio A cryptocurrency journalist based mainly in Venezuela. He He portrays himself as someone who was late to the game, but got into cryptosphere in the time when the value surge occurred. December 2017. With A background in computer engineering. Venezuela Being influenced by cryptocurrency growth on a social level gives you an exclusive point of view. In terms of the success and how he assists the underbanked and unbanked.

photo credit: Shutterstock, Pixabay, Wiki Commons, William Barton /

Disclaimer: This This article is meant for informational purposes only. It This is not an offer to sell, solicit, or encourage any product, company, or service. does not offer any investment, tax, legal, or accounting advice. Neither The author and company are not liable for any harm or loss caused by or in connection to any content, goods, or services mentioned in this article.

Related articles

Recent articles