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JP Morgan’s New Blockchain Plan


The fact that its CEO has taken a public stance against cryptocurrency in the past, JP Morgan has in analysis a new blockchain based system for working with debt.

The Platform will be tested initially in the firm's commercial bank. A team of over 20 developers is working on the platform to have all ready to be tested by the end of July.

JP Morgan also developed another Blockchain platform for the financial sector, called Quorum.

Quorum is build off Ethererum , the base code for the Ethereum blockchain, been an enterprise focused platform, ideal for any application requiring high speed and high throughput processing of transactions with a permission group of know participants.


J.P. Morgan has long used open source software
and we are excited to have this opportunity to give back to the
community. Quorum is a collaborative effort and we look
forward to partnering with technologists around the world to
advance the state of the art for distributed ledger technology.
-Lori Beer, Chief Information Officer,
J.P. Morgan Corporate and Investment Bank


Chaiman and CEO Jamie Dimon was recognized as one of the most critics of blockchain technology, condemned Bitcoin as fraud and now admitting he regretted of his comments

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