JPMorgan Chase’s enterprise blockchain platform Quorum is being acquired by US-based Ethereum venture firm ConsenSys.
Officials statements from the companies also said that the bank has made an undisclosed strategic investment in ConsenSys, though the size of the investment is not being disclosed.
This means that from now on, JPMorgan will be a customer of ConsenSys, which is offering software support and services to projects deployed on Quorum.
All enterprise work being done at ConsenSys will now fall under the new “ConsenSys Quorum” brand, and ConsenSys plans to merge its existing protocol engineering roadmap with Quorum, leveraging the best of both codebases.
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