El CEO de la unidad Blockchain de JPMorgan pide protección al consumidor en proyectos de activos digitales
- Umar Farooq, chief executive officer of JPMorgan’s blockchain unit Onyx, stated that banks have to take precautions and implement steps to ensure consumer protection.
- JPMorgan Chase & Co. se asoció con DBS Bank y SBI Digital Asset Holdings para realizar transacciones in tokenized foreign exchange and government bonds under Singapore’s Project Guardian.
- Farooq también señaló que muchos aspectos de la tecnología blockchain tienen la capacidad de mejorar la infraestructura financiera actual y hacer que los servicios financieros sean más eficientes, accesibles y asequibles.
JPMorgan Chase & Co., uno de los mayores bancos multinacionales de inversión y empresas de servicios financieros, ha realizado otra incursión en la industria de la cadena de bloques después de asociarse con DBS Bank y SBI Digital Asset Holdings para realizar transacciones en divisas tokenizadas y bonos del gobierno bajo Project Guardian, como informó anteriormente Bitnation.
En una entrevista con CNBC, Umar Farooq, chief executive officer of JPMorgan’s blockchain unit Onyx, stated that before implementing any experiment in the field of DeFi and blockchain, banks have to take precautions and implement steps to ensure consumer protection. However, he also noted that many aspects of the blockchain technology have the capacity to better the current financial infrastructure and also make financial services more efficient, accessible and affordable.
“What a bank needs to do from a regulatory point of view and customer’s point of view is that we need to protect our customers. We cannot lose their money,” Farooq said during a panel at the Singapore Fintech Festival 2022 on Wedneday.
Farooq cree que sin implementar los pasos de protección al consumidor, las empresas involucradas en el experimento de blockchain podrían exponer a los clientes a riesgos de ciberseguridad. Esta declaración llega en un momento en que varias criptoempresas han sido pirateadas, explotadas y vaciadas el mes pasado, lo que lo convierte en el peor mes para la criptoindustria en términos de seguridad en 2022.
According blockchain analytics firm Chainalysis, almost $3 billion have been drained in 2022 due to crypto hacks and more could be on the way. Some of the biggest crypto firms hacked include Mango Markets, BNB Chain’s BSC Token Hub, and many others. Moreover, within the first week of November, Panama-based crypto futures and options exchange Deribit perdió $28 millones en un hack de billetera caliente este mes.
“I do think you need some sort of identity solution or know-your-customer solution which verifies who the human being that is interacting is and what they are allowed to do. Because without that, in the longer term, it just doesn’t work,” he added in an interview with CNBC.
Farooq also confirmed that JPMorgan is currently using a solution called verifiable credentials which reside in the users’ crypto wallets and when any customer will use the new service to trade, their transactions will be secured via these credentials. Interestingly, Farooq also pointed out that the privacy feature of blockchains won’t hold for a long time as “sooner or later they will be in a money laundering incident.”
The CEO of JPMorgan’s blockchain arm believes that “education, protection and identity need to be in place” in order to safely send payments across borders without bringing the attention of the regulatory hammer.
Criptoperiodista con más de 3 años de experiencia en DeFi, NFT, metaverso, etc. Parth ha trabajado con los principales medios de comunicación en el mundo de las criptomonedas y las finanzas y ha adquirido experiencia y conocimientos en la criptocultura después de sobrevivir a los mercados bajistas y alcistas a lo largo de los años.
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