27 August 2020

JP Morgan sells blockchain project to ConsenSys  

Written By FinTech Alliance in Blockchain

JP Morgan sells blockchain project to ConsenSys  

ConsenSys has agreed to acquire Quorum, an enterprise blockchain project, from JP Morgan.  

In Brief:  

  • Quorum is an enterprise version of Ethereum blockchain, which was developed by JP Morgan.  

  • The value of the deal is undisclosed.  

  • JP Morgan will also make a strategic investment in ConsenSys.  

What does this mean?  

The two businesses have worked together for some time. The technology will now be offered as ConsenSys Quorum. ConsenSys says this marks a “major step” as it aims to accelerate enterprise blockchain adoption. 

Read more here.    

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