DTCC and JPMorgan Launch On-Chain Pilot Featuring Transaction "Undo" Function

The project introduces a blockchain-based settlement schedule with a controversial reversal mechanism for transactions.

Summary

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Terms & Concepts
  • DTCC (Depository Trust & Clearing Corporation): A U.S.-based financial services organization providing clearing, settlement, and information services for securities transactions.
  • On-chain: Data or transactions recorded directly on a blockchain network, ensuring transparency and immutability.
  • Undo button: A mechanism allowing the reversal or modification of blockchain transactions, which is typically seen as controversial due to blockchain’s immutable nature.