AmEx Joins JPMorgan, IBM in Hyperledger Effort

  • Credit-card issuer signs on to 100-plus-member supporter group
  • ‘Big bet’ on blockchain revolutionizing financial services
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American Express Co. is elbowing its way into the crowded blockchain party.

The biggest credit-card issuer by purchases has signed on to the Hyperledger Project, a industry group of more than 100 members developing blockchain technology for corporate use. The digital ledger known for underpinning bitcoin has potential to reshape the global financial system and other industries.