IBM, J.P. Morgan, Bank of Canada, Payments Canada and TMX Group Ltd are testing the use of blockchain for automating securities settlement. IBM announced its own payment network solutions built on the distributed ledger technology that underpins cryptocurrency like Bitcoin is rapidly going mainstream. The developments this week underline that banking executives are increasingly seeing the upside of combining distributed ledgers with solid cryptographic applications for new means of facilitating payments, trades, contracts, and transactions of all stripes. The biggest challenge today is that many large players have not yet bought into the nascent technology most likely due to lack of central control.”]
Source: https://www.darkreading.com/cloud/banks-start-broad-use-of-blockchain-as-jp-morgan-ibm-lead-way