Reader small image

You're reading from  Security Tokens and Stablecoins Quick Start Guide

Product typeBook
Published inApr 2019
Reading LevelBeginner
PublisherPackt
ISBN-139781838551063
Edition1st Edition
Languages
Concepts
Right arrow
Authors (3):
Weimin Sun
Weimin Sun
author image
Weimin Sun

Weimin Sun has 20 years' of experience working in the financial industry. He has worked for top-tier investment and commercial banks such as J.P. Morgan, Bank of America, Citibank, and Morgan Stanley, where he also managed large teams for developing IT applications. Weimin has also held corporate titles such as executive director and senior VP in some of these firms. Weimin has in-depth knowledge of the blockchain technology, data science, data architecture, data modeling, and big data platforms. He holds Ph.D, M.B.A and M.Sc degrees. He has co-authored Blockchain Quick Start Guide and published several statistical journal papers.
Read more about Weimin Sun

Xun (Brian) Wu
Xun (Brian) Wu
author image
Xun (Brian) Wu

Xun (Brian) Wu is a senior blockchain architect and consultant. With over 20 years of hands-on experience across various technologies, including Blockchain, big data, cloud, AI, systems, and infrastructure, Brian has worked on more than 50 projects in his career. He has authored nine books, which have been published by O'Reilly, Packt, and Apress, focusing on popular fields within the Blockchain industry. The titles of his books include: Learn Ethereum (First Edition), Learn Ethereum (Second Edition), Blockchain for Teens, Hands-On Smart Contract Development with Hyperledger Fabric V2, Hyperledger Cookbook, Blockchain Quick Start Guide, Security Tokens and Stablecoins Quick Start Guide, Blockchain by Example, and Seven NoSQL Databases in a Week.
Read more about Xun (Brian) Wu

Angela Kwok
Angela Kwok
author image
Angela Kwok

Angela Kwok, is a lawyer, specializing in high-tech and blockchain start-ups and venture capital financing. She also focuses on general corporate and commercial matters, fund formation, cross-border and domestic investments, mergers and acquisitions, and related tax matters in the TMT industry. She has represented clients in blockchain-related cases.
Read more about Angela Kwok

View More author details
Right arrow

JPM Coin

JP Morgan announces a stablecoin, JPM Coin, in the quorum blockchain platform on February 2019. JPM Coin is still not an official release; it is in its prototype stages. The aim of JPM Coin is to be able to run on all standard blockchain networks. The JPM Coin is designed to support USD and other currencies. It has a value ratio of 1:1 to USD.

Its payment flow is considered traditional and has at least four transactions across interbank networks through a central bank. This centralized design for a payment clearing system is inefficient and slow. JPM Coin provides real-time gross settlement (RTGS) to clear and settle payments.

There are three steps in the process flow:

  1. The client deposits USD and receives the same amount of JPM Coin
  2. The client uses JPM Coin to perform a transaction with another JPM client in the blockchain network (for example, money movement and payments...
lock icon
The rest of the page is locked
Previous PageNext Page
You have been reading a chapter from
Security Tokens and Stablecoins Quick Start Guide
Published in: Apr 2019Publisher: PacktISBN-13: 9781838551063

Authors (3)

author image
Weimin Sun

Weimin Sun has 20 years' of experience working in the financial industry. He has worked for top-tier investment and commercial banks such as J.P. Morgan, Bank of America, Citibank, and Morgan Stanley, where he also managed large teams for developing IT applications. Weimin has also held corporate titles such as executive director and senior VP in some of these firms. Weimin has in-depth knowledge of the blockchain technology, data science, data architecture, data modeling, and big data platforms. He holds Ph.D, M.B.A and M.Sc degrees. He has co-authored Blockchain Quick Start Guide and published several statistical journal papers.
Read more about Weimin Sun

author image
Xun (Brian) Wu

Xun (Brian) Wu is a senior blockchain architect and consultant. With over 20 years of hands-on experience across various technologies, including Blockchain, big data, cloud, AI, systems, and infrastructure, Brian has worked on more than 50 projects in his career. He has authored nine books, which have been published by O'Reilly, Packt, and Apress, focusing on popular fields within the Blockchain industry. The titles of his books include: Learn Ethereum (First Edition), Learn Ethereum (Second Edition), Blockchain for Teens, Hands-On Smart Contract Development with Hyperledger Fabric V2, Hyperledger Cookbook, Blockchain Quick Start Guide, Security Tokens and Stablecoins Quick Start Guide, Blockchain by Example, and Seven NoSQL Databases in a Week.
Read more about Xun (Brian) Wu

author image
Angela Kwok

Angela Kwok, is a lawyer, specializing in high-tech and blockchain start-ups and venture capital financing. She also focuses on general corporate and commercial matters, fund formation, cross-border and domestic investments, mergers and acquisitions, and related tax matters in the TMT industry. She has represented clients in blockchain-related cases.
Read more about Angela Kwok