JPMorgan’s deposit token keeps access restricted on public blockchain in limited first step

JPMorgan’s deposit token retains access restrictions even on a public blockchain, limiting participation to existing bank customers. The arrangement represents a small step into public blockchain settlement, according to Austin Campbell. In an October 23 interview with CoinDesk, Campbell, founder and CEO of Zero Knowledge, described JPMD as a permissioned token operating in a permissionless environment. Access to the underlying blockchain does not mean unrestricted access to the token, he explained. Campbell said JPMD users must be whitelisted, which requires being a current customer of JPMorgan Chase Bank.

Source: TokenPost