Sunday, March 25,
2018 12.35PM / CoinTelegraph
unnamed source told Bloomberg that no conclusion has yet been reached about
whether Quorum would function better as an independent entity, which could
potentially attract more partners. The Financial Times
adds that other
unnamed sources have said that the JPMorgan label attached to Quorum may be
steering away potential partners that are also competitors of JPMorgan.
Marchiony, a spokesperson for JPMorgan, said in an email that the company
“continue[s] to believe distributed ledger technology will play a
transformative role in business, which is why we are actively building multiple
blockchain solutions.” Marchiony added that they are not going to “comment on
has become an extremely successful enterprise platform even beyond financial
services and we’re excited about its potential.”
created Quorum in 2016 as part of the Ethereum Enterprise Alliance (EEA), of
which it was one of the founding partners. The EEA, launched in February of
2017 as a way to bring privacy, scalability, and security to the Ethereum
Blockchain, now has over 200 members, including JPMorgan and Santander, as well
as newer members like MasterCard, Intel and Microsoft.
The Quorum platform, which runs on the Ethereum (ETH) Blockchain and is
modeled after the Ethereum Go client, is used by pharmaceutical companies
Pfizer and Genentech as well as Microsoft Azure, among others.
Although JPMorgan has embraced the Blockchain technologies behind
cryptocurrencies, CEO Jamie Dimon has made conflicting statements about crypto,
at one point calling Bitcoin (BTC) a “fraud” but later telling Cointelegraph he
was “not a skeptic”.
early February of this year, JPMorgan had referred to cryptocurrencies as the
“innovative maelstrom” around Blockchain technologies that is “unlikely to
disappear.” JPMorgan had also written in their annual report later in February
that cryptocurrencies were a risk that could disrupt financial institutions.
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