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J.P. Morgan Now Supports Blockchain Tech, Highlights Importance of Open-Access Code

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Mark Mason

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J.P. Morgan Now Supports Blockchain Tech, Highlights Importance of Open-Access Code

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J.P. Morgan, who’s CEO Jamie Dimon previously called Bitcoin “a fraud” and would “fire a trader in a second” for dealing in Bitcoin will now be pursuing Quorum, an enterprise version of Ethereum.

Quorum’s chief goal is to enable the operation of smart contracts and will start with “tokenised gold bars to allow sustainable miners to earn a premium on global markets”. J.P. Morgan’s head of blockchain initiatives, Umar Farooq, said that they “are the only financial player that owns the entire stack, from the application to the protocol”.

Read more - https://www.dashforcenews.com/j-p-m...ch-highlights-importance-of-open-access-code/
 
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