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.
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ConsenSys acquires JPMorgan's blockchain platform Quorum
“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.”
