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Tag: JP Mogan

JP Morgan Chase Rekindles Blockchain Ambition with Quorum

Category: Bitcoin, Blockchain, Ethereum, Finance, News, Tech

JP Morgan Chase Rekindles Blockchain Ambition with Quorum

In another return to the technology underpinning Bitcoin, JP Morgan Chase is determined to become a significant player in the blockchain ecosystem by making its cross-border payment solution, Quorum, an independent project. And Quorum was Reborn JPMorgan Chase is one of the first institutional investors to catch the blockchain bug. The large U.S bank first created Juno, a “distributed cryptoledger”…

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JP Morgan Leaves R3 Showing Big Banks will Abandon the Open-Source Spirit

Category: Business, Finance, News

JP Morgan Leaves R3 Showing Big Banks will Abandon the Open-Source Spirit

JPMorgan Chase has reportedly left the blockchain banking consortium R3 due to disagreements over R3 proposed funding plans. The New York-based startup R3 CEV, which leads the 80 firms strong financial services-focused blockchain consortium, intends to raise $150 from its member institutions and investors in exchange for a 60 percent holding in the startup. The R3 banking consortium is currently…

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