JPMorgan: "Mass acceptance of the Blockchain will only happen in a few years."

   Bank JPMorgan has released its annual report JPMorgan Perspectives, in which it stated that although the use of the blockage is increasing, mass adoption of the technology will occur only in a few years.

Analysts of one of the largest financial conglomerates in the world stressed that the use of blockades is becoming popular among financial companies, such as stock exchanges, but the universal adoption of distributed registry technology will occur only in a few years.

"We see the potential of the Blockchain in transforming banking business models. The technology allows exchanging and storing information efficiently and safely," the report says.

At the same time, analysts emphasize that the mass acceptance of the blocchoice strongly depends on the attitude of regulators. In addition, it is necessary to solve some technological problems, including the issue of data exchange between different block-ties.

"We see a wide spread of blockchain-based solutions within 3-5 years. However, there are various problems, such as macroeconomic factors, as well as regulatory and regulatory obstacles. It is also worth noting technological problems that can slow down the adoption of technology," JPMorgan analysts said.

The report also touched upon the prospects of the steleholders, including the Libra project developed by the social network Facebook. According to analysts, such project can become really popular payment means in case of stable work.

"Stabilcoins, including Libra, can receive exponential growth and occupy a considerable share of financial transactions in the world. However, at the moment stablecoins are not suitable for this role because the microstructure of the projects does not correspond to the payment system criteria. In addition, the lack of liquidity in the projects of stable cryptov currencies causes risks that the volume of transactions may grow too sharply and the base currency of the stelekoy not cope with such a volume of transactions," said the analysts.

The document stresses that for projects of stable cryptov currencies it is extremely important to adopt the stele as a legitimate means of payment by any state.

Last autumn the head of JPMorgan bank Jamie Dimon expressed the opinion that the Libra project is a great idea, which, unfortunately, will not get a real implementation.