JPMorgan Chase is considering making Quorum, its Blockchain and smart contractsplatform, into its own company, Bloomberg reported yesterday, March 23.
A 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.
Brian 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 speculation”, but:
“Quorum has become an extremely successful enterprise platform even beyond financial services and we’re excited about its potential.”
JPMorgan created Quorum in 2016 as part of the Ethereum Enterprise Alliance (EEA), of which it was one of the founding partners…