- JPMorgan wants to allow Quorum to be greatly more usable for a larger universe of firms.
- Last week the investment bank announced a partnership with the Microsoft Azure Blockchain service.
JPMorgan’s Head of Quorum and crypto-assets strategy, Oli Harris, recently detailed that JPMorgan Chase has quietly replaced the guts of its blockchain. Over the last six months, technologists spread across London, Singapore and the U.S. have “rebooted” Quorum, the megabank’s private version of the Ethereum blockchain,
The team behind the development replaced Constellation, Quorum’s privacy layer written in the Haskell computer language, with Tessera, which has a similar design, but instead is built in Java to make it smoother for businesses to use and implement.
As a recap, JPMorgan’s partnership with the Microsoft Azure Blockchain service was announced last week. A reboot was designed to allow for Quorum to be more usable by a larger universe of firms.
Harris noted some information on the potential spin-off:
It’s open source software, available on Github and maintained by JPMorgan on behalf of everyone using Quorum. The more users of Quorum, the better it is for everyone, because we can help with standardization and creating even more robust tech suite.
BEST BROKERS TO TRADE CRYPTO
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.