Phoenix News Desk

JPMorgan and DIT Financial co-operate to develop a new BlockChain project.

JPMorgan and DIT Financial co-operate to develop a new BlockChain project.

JPMorgan will co-operate with DIT Financial Inc. on a new project named DIT Wealth Chain. This is a platform build by BlockChain technology use block-chain data structure to verify and store data. Distributed computer node consensus algorithm is applied to generate and update data. The use of cryptography ensures data transmission and access security. An intelligent contract consists of automated script code programming and data manipulation.

It forms a new distributed infrastructure and computing paradigm. BlockChain is a very complex distributed computing methodology which can keep records on thousands or even millions of stand-alone computers that work together without a single entity to control them with data and procedures.

 

DIT Wealth Chain will digitize the global high-quality assets and all of these digital assets carried on the D.I.T wealth chain will be evenly cut by BlockChain technology. Every share has a characteristic of low investment threshold for each smart investment contract. All of the segmented smart investment contracts are stored and verified at the D.I.T wealth chain to ensure that the total amount and content are not tampered with.

In the field of financial applications, DIT Wealth Chain redefines assets, currencies, investments and transactions. In the future, the problem within exchange of funds, contracts and digital assets on the Internet exchange, trading and transfer will be solved. A highly reliable decentralized mechanism will serve individuals and financial institutions for transfer and exchange through the internet globally.

 

However, BlockChain technology is still in its early stage. The practitioners are not very familiar with how BlockChain can achieve. Many critics even claims there will be regulatory and legal hurdles BlockChain has to face. Furthermore, the reliability and security are always being challenged technically.  

Finally, sure DIT needs to move on with plenty of uncertainties waiting for. For more information: http://www.ditfin.com/

Media Contact
Company Name: DIT Financial Inc.
Contact Person: Emmanual Redding
Email: [email protected]
Phone: +1(778)785-5239
Country: Canada
Website: http://www.ditfin.com