ConsenSys Acquires Quorum from J.P. Morgan | Financial Buzz

ConsenSys Acquires Quorum from J.P. Morgan

ConsenSys reported the acquisition of Quorum, an enterprise-variant of the Ethereum blockchain developed by J.P. Morgan (NYSE: JPM).  With Quorum, ConsenSys offers digital asset functionality and document management. 

“The creation of Quorum was a first for J.P. Morgan, both in terms of developing its own blockchain protocol, and open sourcing software for the developer community,” said Umar Farooq, Global Head of Blockchain, J.P. Morgan. “We’re incredibly proud of the usage of Quorum over the past few years and are excited to have ConsenSys as a partner to take the vision forward.” 

ConsenSys’s protocol engineering roadmap will merge with Quorum.  Quorum will remain open source and work with ConsenSys’s other leading blockchain products such as Codefi’s finance and commerce application suite. 

“Even before the very first block on Ethereum was mined and ConsenSys was formed, we’ve collaborated with J.P. Morgan on Ethereum proofs of concept and production systems. We are enormously excited to onboard Quorum into the ConsenSys Enterprise Ethereum stack, and look forward to unifying our Hyperledger Besu-based Enterprise Ethereum client with Quorum, and supporting all of the Quorum installations globally. We look forward to continuing our multifaceted partnership with J.P. Morgan for many years and ushering in an era of enterprise and mainnet compatibility,” said Joseph Lubin, Founder and CEO of ConsenSys and Co-creator of Ethereum.