JPMorgan blockchain project

1.

1. The nature of the two currencies is different: bitcoin is an encrypted digital currency, and Morgan is a typical MLM currency

(1) bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman

(2) Morgan is a kind of typical MLM currency, they often promise high income, the information of the founding operation team is not open, and they have the background of international large companies, so they put forward a set of seemingly reasonable economic theory

extension data: the harm of

network currency: the extensive application of

1 and virtual currency is also accelerating the rampant network robbers.

(1) in December 2006, the Shenzhen Public Security Bureau announced that it had cracked the country's largest theft network virtual property case, and 11 suspect was arrested. The gang used trojan virus to illegally steal virtual property such as tens of thousands of QQ numbers and QQ coins, and sold stolen goods on the network, making a profit of more than 700000 yuan

(2) in this case, the virtual currency Q was used as the standard of conviction and sentencing, and the police's arrest of illegal elements on suspicion of theft is a special case. The reason is that Tencent has filed with the Guangdong Provincial Price Bureau, and one q is equivalent to 1 yuan

(3) online currency is used more and more widely, for example, it can be used to buy anti-virus software online, vote for super girl, and some websites even use online currency to pay the moderator

2. Outside the business system, because indivial virtual currency has become the "equivalent" of RMB, or even "online RMB", which shows the role of "network hard currency", the illegal gains of illegal gambling can be cashed into RMB, which further promotes online gambling

2. Yes, the boss of virtual currency is the one who can make a steady profit without losing money. One time investment benefits all his life. The old bank enterprise issues it. It has more than 100 years of banking history. Any virtual currency will go up and down. MGC will not. It has a strong banking background and bank outlets all over the world. A good project worth investing in.

3.

block chain is still in the very early stage. At

NPC and CPPCC sessions, Robin Li's speech focused on the open platforms such as PaddlePaddle, DuerOS and Apollo, and the automatic driving of the network. In addition to the Internet and technology, the big guy also talked about the issue of banning smoking related to life and environment, and proposed to carry out the promulgation of national tobacco control regulations

in October 2017, Internet Finance officially joined the hyperledger open source project of Linux foundation, and other core board members include IBM, Intel and JPMorgan Chase

Ma Yun: I want to know what bitcoin can bring to the society

at the two sessions, Ma Yun... Oh, sorry, Comrade Ma Yun who doesn't want to wear a red hat didn't attend the two sessions

then, let's review the comments made by Ma Yun when commenting on bitcoin:

"I'm not very interested in bitcoin. What I want to know is what can bitcoin bring to society? In other words, I think bitcoin technology is very powerful, but we have to be very careful with bitcoin. "

although Ma Yun was very cautious about bitcoin, he also said that he did not understand bitcoin. However, as for "bitcoin technology" or "blockchain", Ma Yun's view is "very powerful"

4.

Why is the Internet era coming to an end and the blockchain era coming

Once the

blockchain develops, it will burst out more innovation. As the first proct of blockchain, bitcoin has proced many innovations since its birth. For example, small cross-border payment, recording transfer transactions between currencies, recording various stocks, registering housing property rights, recording program codes, etc.

the steam age liberates social proctivity, the electrical age enlivens social cooperation ability, the Internet age connects the world, and the blockchain era will let us truly realize freedom

5. It can be done, but I don't fully understand the principle< The steps of panel data PCA in Eviews are as follows:
① create a panel workfile (pay attention to the start and end years, and fill in the number of cities corresponding to you in cross sections, such as 9)
② quike → empty group → import data (you need to manually enter the variable name in the first line, Select the first row and then click ↑)
③ view → principle components → click OK
to do it
good luck~

6.

J.P. Morgan Chase is formed by the merger of J.P. Morgan Chase Manhattan Bank and J.P. Morgan; Morgan Stanley has no relationship with JPMorgan Chase and J.P. Morgan, which is commonly known as "big Mo"

J.P. Morgan mainly provides commercial banks, investment banks and other financial services. The company's asset scale ranks in the top 20 of fortune's top 500 large enterprises in the United States, and it is one of the highest credit rating companies in the global financial institutions

In September 2008, the company changed its registered status to "bank holding company". On July 19, 2018, the Fortune 500 list was released, and Morgan Stanley ranked 249

< H2 > extended information:

as of July 2019, JPMorgan has more than $2.5 trillion of assets and more than $1.5 trillion of funds under management. The company has 772 sales staff around the world, covering nearly 5000 institutional investors; Equity research covers 5238 listed companies, including 3175 Asian companies

since 1998, the stock price trend of JPMorgan Chase as the main underwriter has been outstanding after listing, with an average rise of 17% after one week, 27% within one month and 37% within three months

the company has more than 260000 employees worldwide and provides services in major financial centers. JPMorgan Asia Pacific is headquartered in Hong Kong, with more than 10000 employees in 23 cities in 15 countries in the Asia Pacific region. JPMorgan ranks first in Asian stock and stock related issues since 1993

7.

JP Morgan, JPMorgan Chase, and Morgan Stanley are both well-known financial institutions in the United States. The former is a famous commercial bank, while the latter is a famous investment bank

JPMorgan, headquartered in New York, USA, with total assets of US $2.5 trillion, was formed by the merger of JPMorgan Manhattan Bank and J.P. Morgan in 2000. JPMorgan is one of the largest financial service institutions in the United States. Its business covers more than 60 countries, including investment banking, financial transaction processing, investment management, commercial financial services, personal banking, etc

Morgan Stanley, commonly known as "Damo", is an international financial services company established in New York, USA, which provides various financial services including securities, asset management, business merger and reorganization, credit card and so on. It is one of the first international investment banks to enter China for development

Commercial bank, abbreviated as CB, is a financial institution with the function of credit creation, which aims at making profits, raising funds with various financial liabilities and operating various financial assets

(representative commercial banks in the United States: Citigroup, JPMorgan Chase, Bank of America, first bank, etc.)

investment banks are a kind of financial institutions corresponding to commercial banks, which are mainly engaged in securities issuance, underwriting, trading, enterprise restructuring, merger and acquisition, investment analysis, risk investment, project financing and other businesses, It is the main financial intermediary in the capital market

(five major investment banks in the United States: Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehmann brothers, Bear Stearns)

< / OL >

8.

UCM and JPMorgan are not the same company. There is no UCM company. JPMorgan's English abbreviation is not UCM. JPMorgan Chase & amp; Co，NYSE：JPM， It was formed in December 2000 by J.P. Morgan and J.P. Manhattan. It is a major commercial bank in the United States

the instry calls Seymour or little Morgan, and Chinese people are used to calling it "Morgan bank". Headquartered in New York, the company has total assets of US $2.5 trillion and total deposits of US $1.5 trillion, accounting for 25% of the total deposits in the United States. It has more than 6000 branches and is one of the largest financial service institutions in the United States

The long history of JPMorgan in China can be traced back to the early 20th century. In 1909, JP Morgan acted as the underwriter of Hu Guang Railway Bonds. In the 1920s, Chase Bank opened offices in Shanghai and Tianjin to provide financial services to local and foreign institutions

The relationship between JPMorgan and new China began in 1973 when David Rockefeller, then chairman of JPMorgan bank, led the first US business delegation to China. Chase Bank became the first U.S. correspondent bank of Bank of China in that year, and became one of the first U.S. banks to open an office in Beijing in 1982

JPMorgan Chase has a history of 30 years in Hong Kong. It has been rated as the best and most influential investment bank in Hong Kong for many times, and has extensive experience in the implementation of complex listing and issuance in Hong Kong

9. Headquartered in New York, JPMorgan serves more than 30 million consumers as well as corporate, institutional and government customers. With $793 billion in assets and operations in more than 50 countries, the company is a leader in investment banking, financial services, financial transactions, investment management, private banking and private equity
JPMorgan Chase & Co is one of the longest and largest financial services groups in the world. JPMorgan bank, J.P. Morgan and fulinming group completed the merger in 2000
* Chase Manhattan Company was founded in 1799 by Manhattan Company, which supplies water for New York City. In 1922, Chase Manhattan Company became the national leader in commercial and instrial loans, and became the largest bank in the United States in six years
* J.P. Morgan was established in London by John Pierpont Morgan's father as a British merchant bank. At the end of the 19th century and the beginning of the 20th century, the company played an important role in the initial construction and financing of some well-known enterprises, including American steel, general electric and at & T
* Fleming group is a global investment banking group based in London. Its Asian business is operated under the name of Jardine Matheson, while Jardine Matheson securities is the first investment banking group in Hong Kong jointly established by Fleming and Jardine Matheson in 1970
after the merger, JPMorgan mainly operates in two areas: one is to provide global financial wholesale business for enterprises, institutions and wealthy indivials under the name of JPMorgan; The second is to provide retail banking services for 30 million customers with the brand of "chase bank" in the United States. Its financial services include stock issuance, M & a consulting, bonds, private banking, asset management, risk management, private placement, capital management, etc
JPMorgan Chase is one of the most profitable banks in the world, with assets of more than $700 billion and funds under management of more than $630 billion. The company has 772 sales staff around the world, covering nearly 5000 institutional investors; Equity research covers 5238 listed companies, including 3175 Asian companies. Since 1998, the stock price trend of JPMorgan Chase as the main underwriter has been outstanding after listing. After one week, the stock price has risen by 17% on average, within one month by 27% on average, and within three months by 37% on average. With more than 90000 employees worldwide, the company provides services in major financial centers. JPMorgan Asia Pacific is headquartered in Hong Kong, with 8500 employees in 23 cities in 15 countries in the Asia Pacific region. J.P. Morgan ranks first in Asian stock and stock related issues since 1993. Since 1993, J.P. Morgan has hosted 88 stock transactions for Asian companies, raising more than $15 billion
JPMorgan Chase (NYSE: JPM, tyo: 8634) is a financial holding company established under Delaware law in 1968. Headquartered in New York City, JPMorgan Chase is a multinational financial services institution and one of the largest banks in the United States. Its business covers 50 countries

JP Morgan was formed by the merger of JPMorgan and JPMorgan in 2000. Its business includes investment banking, personal and commercial financial services, financial transaction processing, investment management, personal banking, etc. It has more than 90 million customers, including many large wholesale customers< In 2004, JPMorgan Chase acquired the first bank of Chicago and appointed Jamie Dimon, the chief executive of the first bank of Chicago, as the chief operating officer, to become the successor of the current chief executive

offices

JP Morgan's headquarters are located in one Chase Manhattan Plaza in Manhattan, and part of its banking business is transferred to JPMorgan Chase tower in Houston, Texas

after the merger, JPMorgan mainly operates in two areas: one is to provide global financial wholesale business for enterprises, institutions and wealthy indivials under the name of JPMorgan; The second is to provide retail banking services for 30 million customers with the brand of "chase bank" in the United States. Its financial services include stock issuance, M & a consulting, bonds, private banking, asset management, risk management, private placement, capital management, etc

the company's brand ranked 72nd in the 2006 world brand top 500 list compiled by world brand lab, and 38th in the 2006 Global 100 companies respected list published by Barron weekly. The company ranked 31st among Fortune's 500 largest companies in the world in 2007< J.P. Morgan is a bank holding company established on December 20, 1968, which holds all the shares of JPMorgan bank
Morgan bank, formerly known as New York Morgan guarantee trust company, was formed by the merger of two commercial banks on April 20, 1959. One is also known as J.P. Morgan company, and the other is New York guarantee trust company
J.P. Morgan, which forms the Morgan guarantee trust in New York, was founded in 1860 and named after J. Pierpont Morgan. At the beginning of its establishment, the company was only a personal office specializing in foreign exchange trading. After that, the business continued to develop. It was renamed Dabney Morgan in 1864, Drexel Morgan in 1871 and J. P. Morgan in 1895. Since its early days, the company has been closely related to historical events in the US financial sector. During the first World War, the company made a fortune in the financial business of the United States to Western Europe. According to the banking act of 1933, Morgan turned into a commercial bank and delivered its original investment banking business to Morgan Stanley. After 1940, Morgan company changed from partnership to limited liability company and began to operate trust business
New York security trust company was founded in 1864 and renamed New York security trust company in 1896. In 1910, Morton trust company and Fifth Avenue trust company were merged. In 1912, standard trust company was merged. In 1929, commercial banks were merged
after World War II, the competition among American banks has become increasingly fierce. The merger of Morgan and New York guarantee trust company into New York Morgan guarantee trust company strengthens its strength and can compete more effectively. In the late 1960s, J. P. Morgan, as the holding company of New York Morgan guarantee trust company, namely Morgan bank, was established, and its business scope further expanded. In order to adapt to the changes of domestic and foreign financial markets, the company has established some new subsidiaries, including 23-6 company established in 1971 (renamed Morgan social development company in 1976), Morgan futures company established in 1981, J.P. Morgan Securities Company established in 1986, etc
since the 1990s, with the wave of information, the business scope of the company has been further expanded, such as launching online banking, providing more convenient credit card services for users, etc. The business of the bank has spread all over the world, and the scale of the company has further expanded. However, the company has always been in line with the principles of sincerity, fairness and fairness to provide high-quality services to tens of thousands of customers around the world
J.P. Morgan has a history of 30 years in Hong Kong. It has been rated as the best and most influential investment bank in Hong Kong for many times, and has extensive experience in the implementation of complex listing and issuance in Hong Kong. In November 1999, JP Morgan acted as the CO Global coordinator and successfully launched the Hong Kong TraHK fund. JPMorgan played an important role in the US $4.3 billion transaction. The demand received from institutions ranked first among the underwriting groups, accounting for 32% of the total orders from institutional investors and 6.4% of retail orders. Since 1987, JPMorgan has been investing and developing investment banking business in China. It has been the main underwriter of many state-owned enterprise issuance projects, including several H-share restructuring and listing projects: Huaneng International power, Anhui conch, Cheng Chongqing Expressway, etc., B-share has Inner Mongolia Yitai Coal Mine, etc., and n-share: Huaneng International power. In May this year, JPMorgan acted as a co lead and bookmaker in the $1 billion 10-year bond issue of China's Ministry of finance. Previously, he was the lead underwriter of Treasury's $100 million century bonds and $500 million seven-year global bonds. JP Morgan acted as a financial consultant for Huaneng International's acquisition of Shandong Huaneng in 2000< On June 14, 2004, the Federal Reserve issued a statement approving the merger plan between JPMorgan Chase Bank and first bank of the United States. After the merger, the total assets of the new JPMorgan Chase Bank reached US $1.12 trillion, surpassing Bank of America at one stroke. It is only one step away from Citigroup, the largest bank with us $1.19 trillion assets. Moreover, its business will expand from New York to the whole Midwest, becoming the second truly cross regional bank after Citigroup< JPMorgan's China strategy can be traced back to the early 20th century. In 1909, JP Morgan acted as the underwriter of Hu Guang Railway Bonds. In the 1920s, Chase Bank opened offices in Shanghai and Tianjin to provide financial services to local and foreign institutions
JPMorgan's relationship with new China began in 1973 when David Rockefeller, then chairman of JPMorgan bank, led the first US business delegation to China. Chase Bank became the first U.S. correspondent bank of Bank of China in that year, and became one of the first U.S. banks to open an office in Beijing in 1982
in October 2003, JPMorgan obtained the approval of China Securities Regulatory Commission and obtained QFII qualification. This is another important step for JPMorgan to enter China's financial market
JPMorgan fulinming, a fund company of JPMorgan Chase, signed an agreement with Shanghai International Investment Corporation to establish a joint venture fund company. As a commercial bank, JPMorgan has obtained the license to operate RMB business and foreign exchange, which provides a good foundation for its various businesses in China, including investment banking business
Harrison, chairman of JPMorgan, pointed out that international financial institutions such as JPMorgan can use their valuable experience to help China build a dynamic and innovative financial services instry. They have the necessary tools for this process, such as rich knowledge and experience in risk management, extensive access to global capital markets, and first-hand information on creating new financial markets to spread risks and promote competition. Harrison said he would share the wealth with China and sinicize these tools< For a period of time, JPMorgan has not received much attention in China, whether it is commercial banking or investment banking, even though it is the second largest financial institution in the United States and the model of comprehensive financial services group. Why
JPMorgan's commercial banking business is mainly wholesale banking business, rarely retail banking business. Because in its business philosophy, doing wholesale business is more concive to management. JPMorgan also adheres to this principle in China, so it has not been taken seriously by the public. In terms of investment banking, JP Morgan and JP Manhattan were both commercial banks before the merger in September 2000, although JP Morgan has obtained special approval from the US Securities Regulatory Commission to engage in securities business. After the merger, JPMorgan's investment banking business almost started from scratch, especially in China
after three years of efforts, JPMorgan's investment banking business has achieved good results, including equity financing and bond financing

10.

According to reports, Amazon wants to attract more consumers who don't like to use cash, while trying to cut its transaction costs and the strategy of PayPal, a payment service

According to two people familiar with the matter, Amazon is negotiating with banks such as JPMorgan to launch a new online account similar to a current account. Amazon's move is to rece transaction costs and get more consumer habits data. This strategy coincides with PayPal's strategy, which has gained greater growth potential by forming alliances with banks and credit card companies rather than competing with them

"people trust Amazon and use it often, and they will be willing to keep part of their money in Amazon," Luria said. "It will help Amazon save money and improve its profitability."

PayPal's point-to-point payment service venmo is very popular among millennials, highlighting the potential of technology companies in providing new financial instruments. In the fourth quarter of last year, venmo processed $10.4 billion in payments, up 86% from a year earlier. At present, PayPal is trying to expand the service, so that the two million U.S. businesses that support PayPal also support venmo. The idea is that people will leave their money in venmo and then use the service for consumption, which is more profitable for PayPal than allowing users to use services that are tied to credit and debit cards

last year, Amazon launched a project called prime reload: if users use credit cards to transfer money from their bank accounts to Amazon's balance, Amazon will provide consumers with two rewards. The move reces Amazon's payments to credit card networks such as MasterCard