JPMorgan is considering using blockchain for its settlement system for trading among its own client base. Which of the following is most appropriate?AIt is more likely to use permissionless DLTsBIt is more likely to use permissioned DLTsCIt is equally likely to use permissionless and permissioned DLTsDIt is not likely to use DLTs
Question
JPMorgan is considering using blockchain for its settlement system for trading among its own client base. Which of the following is most appropriate?AIt is more likely to use permissionless DLTsBIt is more likely to use permissioned DLTsCIt is equally likely to use permissionless and permissioned DLTsDIt is not likely to use DLTs
Solution
BIt is more likely to use permissioned DLTs
This is because permissioned DLTs (Distributed Ledger Technologies) like blockchain allow for more control and security, which is crucial for a financial institution like JPMorgan. In a permissioned DLT, only certain identified participants have the rights to write and read the ledger. This is in contrast to permissionless DLTs, where anyone can join and participate in the network. Given the sensitive nature of financial transactions and the need for regulatory compliance, JPMorgan would likely opt for a permissioned DLT for its settlement system.
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