Tech
How Big Banks Like JPMorgan And Citi Want To Put Wall Street On A Blockchain
Investors at the New York Stock Exchange trade upwards of a billion shares in a single day, but many of those trades take days to settle. Big banks like JPMorgan and Citi think they have a solution, and they need to borrow a tool from crypto to make it happen—blockchain. Citi thinks tokenizing assets on the blockchain could be a $5 trillion dollar industry by 2030. But tight regulation of markets, and a crackdown on crypto from the SEC could slow adoption.
Chapters:
00:00 — Introduction
01:36 — Chapter 1
03:28 — Chapter 2
05:19 — Chapter 3
07:35 — Chapter 4
Produced by: Jordan Smith
Hosted by: Tanaya Macheel
Supervising Producer: Jeff Morganteen
Graphics: Christina Locopo, Andrea Schmitz, Alex Wood
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How Big Banks Like JPMorgan And Citi Want To Put Wall Street On A Blockchain
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Taylor Farms has been linked to cyclosporiasis and salmonella outbreaks this summer. After years of consolidation, experts say the company’s ability to control every stage of the supply chain has made it indispensable to grocers and restaurant chains, while raising the stakes for consumers when things go wrong. CNBC food and wellness reporter Brandon Gomez explains how the U.S. became so reliant on Taylor Farms.
Chapters:
0:00 Introduction
1:40 Chapter 1: Concentration of risk
6:35 Chapter 2: Food giants’ reliance on Taylor Farms
7:30 Chapter 3: Does America have a better option?
CREDITS:
Reporting by: Brandon Gomez
Produced by: Ryan Baker
Edited by: Darren Geeter, Andrea Miller
Camera and Additional Reporting: Natalie Rice
Animation by: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
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How The U.S Became So Dependent On Taylor Farms
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Is live-streaming going to be the next big thing that occupies everyone’s time on social media? Meerkat and Periscope, two new apps, are betting so. CNBC’s Dominic Chu compares the platforms.
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Meerkat vs. Periscope: Live-Streaming Apps | Tech Bet | CNBC
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Meta has quietly rolled out the most sophisticated version of its Muse Spark AI model, which deploys multiple agents to research and synthesize a consolidated answer. CNBC’s Julia Boorstin has more.
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Tesla chief executive fires back at Mobileye on safety concern accusations.
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Tesla And Former Camera Supplier, Mobileye Engage In Public Dispute | Tech Bet | CNBC
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You can’t buy Google’s latest hardware project, but you can 3-D print one.
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Google Built A Synthesizer That Uses A.I. — And You Can Make Your Own | CNBC
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@gbaili
December 20, 2023 at 4:59 pm
2% 💶 Stocks cyber security
@RickMckee-nq4ni
December 20, 2023 at 4:59 pm
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
@tombox2759
December 20, 2023 at 4:59 pm
It will easily be hacked with quantum computers using qubits…
@SamineJoon-kw6xb
December 20, 2023 at 4:59 pm
What a dishonest veneer of skewed statements to veer away the attention from the core damages & ilicit affairs that undermine blockchains & mass surveillance they require. From aggressive gentrification to commodification of everyday affairs by imposed, hidden & stealth smart contracts upon us to forging & obfuscating ownership & transmission of assets by embedding these ilicit actions against our will in various beauracratic processes, these initiations has every parameter of criminality & being unconstitutional through & through & as presented here rife with gaslighting.
@victoriabernstein
December 20, 2023 at 4:59 pm
trust me it's happening as we speak. Blackrock is already on board so JPM is not going to pretend that they are not on blockchain already.
@_v2861
December 20, 2023 at 4:59 pm
XRP hooks
@ErickrolandoLanderosmore-vv8nm
December 20, 2023 at 4:59 pm
Erick rolando Landeros moreno ❤😂
@ErickrolandoLanderosmore-vv8nm
December 20, 2023 at 4:59 pm
LAME920207HNLNRR09🎉
@GloferTube
December 20, 2023 at 4:59 pm
Programmable Money.. XLM, Monero , XDC
@JJs_playground
December 20, 2023 at 4:59 pm
#XRP will be the way
@pareshpaul001
December 20, 2023 at 4:59 pm
Best wishes…
@MayaONeil23
December 20, 2023 at 4:59 pm
Sorry, I don't think the block chain idea is good. I'm good with the lag and multiple people in-between.
@Youth-growth
December 20, 2023 at 4:59 pm
Crypto investing has brought me great success!!! Irrespective of the economic depression I can boast
of over $14,000 dollars every week on my investment. All thanks to WildVestCorps Page Thank you for your focus on quality stocks. Ok.
@xxxx96ful
December 20, 2023 at 4:59 pm
This music was awful. Why was it so high pitch
@liz2handbrandshop414
December 20, 2023 at 4:59 pm
Sound of background is very annoying. It reduced quality of your voice and content.
Please remove sound of background for your next episode.
@nonietoomila8890
December 20, 2023 at 4:59 pm
0:22 ❤❤❤❤❤❤❤❤❤❤❤❤❤🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
@farhanabdulhamid4214
December 20, 2023 at 4:59 pm
Happens invest in police freedom family all brother and sister and Family All freedom family all investment in police free family all bank police free happens family all bank police free happens family all history OK Family all brother and sister and Family All gas police free family all oil police free family all gas police free family all history OK Family all food in police family all PEACE OK THANKS Family All history happens freedom family all investment in police free family all Democratic Policy in free family all companies and airport in family all export OK Family all history first Family All police free family all PEACE OK THANKS PEACE
@lisacarter3436
December 20, 2023 at 4:59 pm
I am an immigrant and last year I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
@imnotanalien7839
December 20, 2023 at 4:59 pm
The Government controls the banks thru regulations and ESG’s…so they already control Wall Street. And we have just witnessed a billion dollar heist by the democrats of crypto currencies, using US government regulators to put Sam Bankman exchange on Wall Street and the rug pull would fund the Democrats upcoming elections. It worked…thanks to the federal government pulling a few strings. The Democrats and the federal government can do anything they want to Wall Street… and they do.
@wt3447
December 20, 2023 at 4:59 pm
You probably should fix the hacking first. Without account security noone want to touch it.
@goodnightmoon4703
December 20, 2023 at 4:59 pm
ETHEREUM AND BITCOIN FOREVER
@rejivarkey3797
December 20, 2023 at 4:59 pm
New methodology can be used in financial services.
@MJ-nh5dq
December 20, 2023 at 4:59 pm
Dogecoin takes 1 min worldwide, fully auditing itself. Use it😎
@jumpinjehoshaphat1951
December 20, 2023 at 4:59 pm
Blockchain isn't trusted.
@peacenowar4006
December 20, 2023 at 4:59 pm
AHAHAHAH NOW CNBC AND THE BANKS LOVE CRYPTO TECH BUT NOT BTC.. YOU WILL NEVER GET BACK AGAIN, PEOPLE WANT BTC TO GET AWAY FROM BANKS. NO MATTER WHAT BANKS DO THE TRUST IS GONE.. EVEN IF THEY TRY COME OVER AND USE THE TECH.
@constantin58
December 20, 2023 at 4:59 pm
Blockchain is a slow database, all they want is marketing associated with blockchain hype
@immortalityIMT
December 20, 2023 at 4:59 pm
like FTX only infinitely larger
@GuilleA
December 20, 2023 at 4:59 pm
Dogecoin and BTC!!!! Open source, same code, one replace hold and the other as currency!!!
@jakkeni7212
December 20, 2023 at 4:59 pm
i hope this comes too screw them all over like crypto did. they also mentioned non of the risks that block chains do hold
@simpolang
December 20, 2023 at 4:59 pm
Lets raise the debt ceiling once again!…
😅
@InnocentFred-hn1fp
December 20, 2023 at 4:59 pm
The decision to repeal the Glass-Steagall Act in the late 1990s was a disastrous one, as it resulted in the spectacular failure of large banks during the 2007-2008 financial crisis. To avoid another calamity, Dodd-Frank and this Act must be immediately reinstated. What happened with SVB is just the tip of the iceberg in terms of what will happen if nothing is done to rectify the existing situation.
@caribguy2007
December 20, 2023 at 4:59 pm
Love how these banks now all of a sudden on board it is like they just created and founded this concept after they been trashing it for years. Concept has not changed. This shows you how things only happen when the elites approve. Just like ev cars, we had ev cars 75 years ago now they said it is required and all hands on deck.
@OM-bs7of
December 20, 2023 at 4:59 pm
There is already a solution for this. This is what Etherum and Cardano are for. No need to reinvent the wheel
@therealzondocommission728
December 20, 2023 at 4:59 pm
Kkkkk lol, they are lying 😂😂😂 probably setting us up again for some version of toxic complex assets (tokenized BS, lol, aka TBS)
Before you know it, they crush right in the faces of main street investors bla bla..we know the same old story
@joehopkins9749
December 20, 2023 at 4:59 pm
Hi everyone, I'm a business owner. I've been looking for some guidance on how to invest my money wisely and plan for my retirement.
@alains3578
December 20, 2023 at 4:59 pm
Blockchain applications are a way for decentralized consensus. A centralized blockchain is just a glorified database. This will not be a blockchain as we have become accustomed too, like Bitcoin or Monero, they are just using a buzzword to create a centralized authority to settle trades instaneously; calling it a blockchain is a stretch imo.
@xlargetophat
December 20, 2023 at 4:59 pm
Too tired to care
@Bry4n
December 20, 2023 at 4:59 pm
#AVAX
@javieracevedo9352
December 20, 2023 at 4:59 pm
T+2 business days is the most anoying thing daytraders have to deal with. Removing T+2 with blockchain seems brilliant.
@adamsmith2188
December 20, 2023 at 4:59 pm
Nice video! I was able to build a big income stream despite the dip in crypto investing with a professional broker Mrs Gianna Jayden
@davidalexander8786
December 20, 2023 at 4:59 pm
ba idea
@Theplaided1s
December 20, 2023 at 4:59 pm
I thought blockchain and crypto were a scam ? How long have these banks been crying about it? Suddenly its a useful tool that they've been planning on using forever.
@martiruda
December 20, 2023 at 4:59 pm
wallstreet already lost. The open DEXes are already taking big chunk of revenue off their hands
@jessetapia9733
December 20, 2023 at 4:59 pm
ALWAYS REMEMBER!! THIS WILL NOT BENEFIT YOU! THEY DONT WANT YOU RICH!! THEY WANT YOUR MONEY TO MAKE MONEY! NEVER THE OTHER WAY AROUND!!!! THIS IS LITERALLY A BLOCKCHAIN TO GAIN ACCESS TO INFORMATION BASED ON DATA AND CENSORSHIP OF MONEY!!!!!
@Chris_Young
December 20, 2023 at 4:59 pm
KDA
@kbkingdom2855
December 20, 2023 at 4:59 pm
Lol comments hear show the ignorance of many I’ll check back in 2 years to everyone saying WE LOVE BLOCKCHAIN