Published on May 18th, 2018 | by bitcoin0
Why the JP Morgan Blackhaven patent use is not surprising
JP Morgan once again caused a bit of an upheaval within cryptocurrency circles last week – this time with the publication of their peer-to-peer (P2P) payments network patent application based on distributed ledger technology, like blockchain.
Shortly after that, in a somewhat confusing move, JP Morgan purchased a chunk of Bitcoin.
The bank has a strong record of support for blockchain itself and their latest patent application should come as no surprise.
This is not accurate, just as JP Morgan’s filing for a patent based on distributed ledger technology does not mean they are now staunch Bitcoin supporters.
Saying that, JP Morgan is specifically applying for a patent on a “method for processing network payments using a distributed ledger”.