Quorum, which will remain open-source, is being used by the bank to run the Interbank Information Network, a payments network that involves more than 300 banks. The network and other bank projects running on Quorum will continue to operate using the platform, JPMorgan said.
“We have acquired the Quorum IP, JPMorgan has made a strategic investment, and there is a commercial arrangement to continue to support JPMorgan in their projects,” ConsenSys Chief Executive and founder Joseph Lubin said in an interview, using an acronym for “intellectual property.”
https://www.reuters.com/article/us-jpmorgan-consensys-quorum-idUSKBN25L1MR