U.S.-based blockchain technology firm ConsenSys has acquired the Quorum blockchain platform from financial technology company J.P. Morgan. ConsenSys builds applications, infrastructure, and solutions on the Ethereum blockchain network.
The Quorum private distributed ledger is also an enterprise-variant of the Ethereum blockchain.
The addition of Quorum into the ConsenSys stable will enable it to offer a full range of products, services, and support for Quorum, accelerating the availability of features and capabilities such as digital asset functionality and document management.
ConsenSys is looking to unify its Hyperledger Besu-based Enterprise Ethereum client with Quorum, and supporting all of the Quorum installations globally.
Quorum will remain open source and become interoperable with ConsenSys’ other leading blockchain products, such as Codefi’s finance and commerce application suite. J.P. Morgan will be a customer of ConsenSys’ advanced features and services deployed on Quorum.
Further, J.P. Morgan has made a strategic investment in ConsenSys to support its mission to help developers build next-generation networks and enable enterprises to launch more powerful financial infrastructure.
Ethereum-focused ConsenSys and J.P. Morgan led the creation of the Enterprise Ethereum Alliance (EEA) and have already worked together on industry applications built on Quorum, such as komgo and Covantis.
The creation of Quorum in 2016 was a first for J.P. Morgan, both in terms of developing its own blockchain protocol, and open sourcing software for the developer community.
ConsenSys will merge its existing protocol engineering roadmap with Quorum, using the best of both codebases. All Enterprise Ethereum protocol technology at ConsenSys will fall under the ConsenSys Quorum brand, with developers having the option to choose their underlying technology stack.
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