JPMorgan has announced the launch of a new innovation lab in Greece, that will develop solutions using blockchain tools.
Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development of applications on top of Onyx, the blockchain platform launched by the bank in 2020, and on digital identity solutions.JPMorgan, the investment bank with millions of customers worldwide, has announced the launch of a new innovation lab in Greece, which will develop solutions using blockchain tools.
This new innovation lab will be part of the Blockchain Launch group, which prepares and develops blockchain-based software for customers of the bank using Onyx’s technology. Tyrone Lobban, head of Blockchain Launch & Onyx Digital Assets at JPMorgan, that the company is looking to fill four new positions for this new initiative including two full-stack software engineers, a mobile app engineer, and a technical manager.that the bank was settling $1 billion daily using blockchain tech.Lobban also stated that this new group will be core to the research and construction of digital identity solutions, to extend the capabilities that the institution has already piloted before.
We believe that Digital Identity is key to unlocking scale for Web3 and can enable entirely new interactions and services for web2 and Web3 alike. The interest of the institution in digital identity could be part of a move to avoid being left behind in the future. Atitled “The Rise Of Digital Identity Wallets” issued in January by the Mobey Forum, a global nonprofit insight group, explains that banks are uniquely positioned to be part of the digital identity structure of the future, adding this service to their already existent digital wallets.
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