According to the statement of Blythe Masters, a former top manager of JPMorgan Chase & Co and British economist, the blockchain is The blockchain is coming to commodity markets. Blythe shared her opinion at the London Metal Exchange annual dinner during LME Week in London.
Blythe Masters claimed that the implementation of the blockchain will bring greater confidentiality, less paperwork, better provenance and a boost in productivity and efficiency.
Former JPMorgan director also noted that right now her own firm is designing special software that will enable banks, investors, and other market players to use blockchain technology to change the way they trade bonds and other assets.
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