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jpmorgan microsoft partnership announced

Strategic partnership announcement between J.P. Morgan and Microsoft to drive enterprise adoption of Quorum

Strategic partnership announcement between J.P. Morgan and Microsoft to drive enterprise adoption of Quorum

In a recent announcement from Microsoft, an enterprise-variant of the Ethereum blockchain, Quorum, is to be powered by Microsoft Azure. Earlier this month, J.P. Morgan and Microsoft Corp. signed a memorandum of understanding to partner together in order to increase adoption of enterprise blockchain. With this announcement, Quorum, that is J.P. Morgan’s platform for enterprise blockchain will be officially the first distributed ledger platform utilizing Azure Blockchain service. In this way, both partners will be able to scale blockchain networks in the cloud. This partnership also highlights that both partners will continue to work together for development of common enterprise, independent software vendor along with addressing developer needs.

Microsoft executive vice president of Business Development, Peggy Johnson, said: “Together, we’re taking a truly transformative technology like Quorum and making it available through the Azure platform to accelerate innovation for our customers.”

Quorum will continue to power Microsoft blockchain programs and first-party apps along with J.P. Morgan.

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