'Who Do I Sue?' JPMorgan Exec Sees Public Blockchains As Inadequate For Large Transactions
'Who Do I Sue?' JPMorgan Exec Sees Public Blockchains As Inadequate For Large Transactions
Public blockchains, the technology underpinning cryptocurrencies like Bitcoin (CRYPTO: BTC), may not be mature enough to handle the demands of large financial transactions, according to a high-ranking executive at JPMorgan Chase & Co (NYSE:JPM).
摩根大通（紐約證券交易所代碼：JPM）的一位高級管理人員表示，公共區塊鏈是支撐比特幣（加密貨幣：BTC）等加密貨幣的技術，可能還不夠成熟，無法處理大型金融交易的需求。
What Happened: Umar Farooq, CEO of JPMorgan's blockchain platform Onyx, expressed concerns about the limitations of public blockchains during the Bank of International Settlements (BIS) Innovation Summit on May 7, according to Cointelegraph.
發生了什麼：據Cointelegraph報道，摩根大通區塊鏈平台Onyx首席執行官奧馬爾·法魯克在5月7日的國際清算銀行（BIS）創新峯會上對公共區塊鏈的侷限性表示擔憂。
"Public blockchain ledgers are simply not fit for purpose for large transactions today," Farooq remarked, highlighting the need for a more robust system.
法魯克說：“公共區塊鏈賬本根本不適合當今的大型交易的用途，” 他強調需要一個更強大的系統。
Farooq emphasized the lack of accountability within public blockchains.
Farooq強調了公共區塊鏈內部缺乏問責制。
In the event of a failed $100 million transaction, he questioned, "Who do I sue?"
如果1億美元的交易失敗，他質疑：“我該起訴誰？”
He argued for a system enabling "trusted transactions between financial institutions with some sort of accountability."
他主張建立一個支持 “金融機構之間具有某種問責制的可信交易” 的系統。
Also Read: Bitcoin ETF Issuer VanEck Launches 'MEMECOIN' Index, Includes DOGE, SHIB And 4 More Meme Coins
另請閱讀：比特幣 ETF 發行商 VanEck 推出 “MEMECOIN” 指數，包括 DOGE、SHIB 和另外 4 個 Meme 幣
JPMorgan's Contradiction
摩根大通的矛盾
Interestingly, JPMorgan itself utilizes a permissioned blockchain platform, Onyx, which is a private version of Ethereum (CRYPTO: ETH), a prominent public blockchain. Permissioned blockchains offer the advantage of allowing institutions to reverse transactions, a feature absent in public blockchains.
有趣的是，摩根大通本身使用的是許可的區塊鏈平台Onyx，它是著名的公共區塊鏈以太坊（CRYPTO：ETH）的私有版本。許可的區塊鏈具有允許機構反向交易的優勢，這是公共區塊鏈所沒有的功能。
Farooq also criticized the incentive structure of public blockchains, suggesting that the focus on driving up cryptocurrency prices through user acquisition creates an unhealthy dynamic.
Farooq還批評了公共區塊鏈的激勵結構，認爲專注於通過用戶獲取來推高加密貨幣價格會造成不健康的動態。
He advocated for a shift in perspective, viewing blockchains as "a public good" akin to the internet.
他主張轉變視角，將區塊鏈視爲類似於互聯網的 “公共利益”。
The Future Of Blockchain
區塊鏈的未來
JPMorgan's reservations highlight the ongoing debate surrounding the suitability of public blockchains for mainstream financial applications.
摩根大通的保留意見凸顯了圍繞公共區塊鏈是否適合主流金融應用的持續爭論。
As the technology evolves, achieving scalability, accountability, and a broader focus on public good will be crucial for wider adoption.
隨着技術的發展，實現可擴展性、問責制和對公共利益的更廣泛關注對於更廣泛的採用至關重要。
The digital asset landscape is constantly in flux. To navigate this dynamic environment, staying informed about emerging trends and advancements is paramount.
數字資產格局不斷變化。要駕馭這種動態環境，隨時了解新興趨勢和進展至關重要。
The Benzinga Future of Digital Assets event, taking place on Nov. 19, offers a valuable platform for investors of all levels.
Benzinga數字資產未來活動將於11月19日舉行，爲各級投資者提供了一個有價值的平台。
Image: Shutterstock
圖片：Shutterstock
譯文內容由第三人軟體翻譯。