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> Not all of those bets, which include several projects based on a distributed ledger, like blockchain, will pay off, which JPMorgan says is OK. One example executives are fond of mentioning: The firm built an electronic platform to help trade credit-default swaps that sits unused.

so it looks like JPM might have written off "blockchain"?

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To me, that reads as the author writing off blockchain moreso than the JPM representative.

To be fair, there are plenty of ways that blockchained systems can fail.

They have not written off blockchain, it was just announced yesterday that they are founding members of the new "Ethereum Enterprise Alliance".

http://www.zdnet.com/article/microsoft-intel-banks-form-ente...

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