JPMorgan Considers Making Blockchain Platform Quorum An Independent Entity


Blockchain and smart contracts platform Quorum may soon evolve into its company. This possibility was revealed by JPMoran Chase, which created Quorum in 2016. Back then, it was intended to become part of the Ethereum Enterprise Alliance (EEA). Fast forward to today, however, and it seems like Quorum just may be ready for the upgrade.

These remain to be mere speculations for now, though, as the parties involved have yet to officially confirm or deny anything. Various unnamed sources, however, have been reaching out to media like Bloomberg and The Financial Times to divulge that talks are up in the air as of now to determine whether Quorum would be better off as an individual company.

All that’s been said by JPMorgan Chase, sent through an email through spokesperson Brian Marchiony, 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.”

As to the issue of Quroum, he declined to make a comment, but he did say that “Quorum has become an extremely successful enterprise platform even beyond financial services and we’re excited about its potential.”

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