JPMorgan analysts believe that blockchain is still far from mass introduction

According to a recent report from JPMorgan Perspectives,Blockchain has become widespread in the field of finance, but the massive introduction of technology is hindered by regulatory and technical problems that will take several years to solve.

The 74-page document is dedicated to the prospectsthe development of blockchain, its widespread use and the viability of the stablecoin concept. The report states that distributed ledger technology is already widely used by stock exchanges, banks and other organizations in the financial sector.

The authors alsonote that blockchain has the potential for long-term transformation of the business model of banks by increasing the efficiency and reliability of data processing and storage.

However, they also indicate the presence of a numberlegislative and technical problems that may slow down further progress, therefore, in the next 3-5 years, one should not expect a massive transition to decentralized systems. Analysts attributed the complexity of cross-platform integration, the lack of the necessary regulatory framework and the transformation of the macroeconomic environment to the list of key obstacles.

In addition, the report notes the gradual development of the cryptocurrency market, and the growing attention to it from institutional investors who have significant influence.

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