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Name | Symbol | Market | Market Cap ($) | Algorithm |
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Bitcoin | BTCUSD | Crypto | 1,260,903,343,367 | SHA-256d |
Price Change | Price Change % | Current Price | Bid Price | Offer | |
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-2,275.06 | -3.43% | 64,135.50 | 64,135.50 | 64,136.62 |
High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
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67,077.97 | 63,542.56 | 66,560.41 | 66,410.56 | 24,750.00 - 73,835.57 |
Exchange | Last Trade | Size | Trade Price | Currency |
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GDAX | 23:35:09 | 0.000315 | 64,135.50 | USD |
Bitcoin Global News (BGN)
November 15, 2018 -- ADVFN Crypto NewsWire -- Investment bank and financial services firm J.P. Morgan Chase has come out with a strong opinion on three public companies. Analysts for the major financial company expect a certain type of business will benefit from integration of blockchain technology, and they’ve found three that are the most ideal.
They forecast that IT companies will engage blockchain technology in a similar way that many firms claim to benefiting from machine learning and artificial intelligence (AI) currently. These words are often used as marketing ploys, but backend development has no been underway for years. Real tangible benefits are starting to surface from more user friend applications and mechanisms for fitting aspects of the new technology into existing business structures.
Just last month J.P. Morgan’s digital transformation was outlined by a third party company to examine how technology is fueling their sustained growth. It highlighted that blockchain and blockchcain as a service (BaaS) is a key technology for the bank’s roadmap, along with big data, cloud, AI, and robotics.
Regarding blockchain J.P. Morgan designated three companies that will have “material incremental growth opportunities” from the technology and that they “should be looking to identify where the opportunity to replace a middleman is the biggest, or where trust is needed where none exists, or what companies are the best positioned to offer blockchain as a service (BaaS).” - Software equity research analyst at J.P. Morgan Sterling Auty
Akamai Technologies Inc
They are an American content delivery network and cloud service provider. Sterling Auty believes that Akamai could power its business through BaaS, because many customers would rather use blockchain as a service than develop the technology from scratch.
DocuSign
They are a San Francisco-based tech and digital transaction management services firm. The company can already integrate a blockchain network to its systems. DocuSign aims to digitize the entire contracting process on its platform on a network that is yet to be determined. “Over time we could see much of the platform being based on blockchain, basically shifting its centralized security model for the distributed model of blockchain” Sterling Auty
Ellie Mae
They are headquartered in Pleasanton, CA as cloud-based platform provider for the mortgage finance industry, which has clear cut major benefit potential from blockchain’s network structure.
“Utilizing blockchain to manage the entire mortgage process could bring trust among parties and use of smart contracts could help automate various tasks (inspection, income/employment verification.”
By: BGN Editorial Staff
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