JP Morgan Perspectives, the annual financial report from the financial giant, has claimed that blockchain is on the rise, but its mainstream adoption is still many years away. The report mentions the viability of cryptocurrencies in today’s financial environment and also their probable case uses, including the upcoming Facebook Libra project. The blockchain use is steadily rising as more institutions, and financial bigwigs are exploring its use in their ecosystem. Still, it is far from being called mainstream. The report further sees that distributed ledger technology (DLT) will, in the future, transform the business models of traditional banks offering more
