Want to keep the TNW Conference vibe going?? Tickets for TNW2022 are available now >>

Inside money, markets, and Big Tech

This article was published on May 3, 2019

Microsoft teams up with JP Morgan to shill enterprise blockchains

The institutions strike back

Microsoft teams up with JP Morgan to shill enterprise blockchains
Matthew Beedham
Story by

Matthew Beedham

Editor, SHIFT by TNW

Matthew is the editor of SHIFT. He likes electric cars, and other things with wheels, wings, or hulls. Matthew is the editor of SHIFT. He likes electric cars, and other things with wheels, wings, or hulls.

Microsoft and American bank JP Morgan are teaming up to make it easier to put enterprise businesses on the blockchain.

Yesterday, Microsoft announced, that it’s partnered with the American banking giant to try to spearhead the adoption of JPM’s enterprise variant of the Ethereum blockchain, Quorum.

The partnership will integrate the Quorum distributed ledger into Microsoft‘s Azure Blockchain platform. The firms claim it will help their customers build blockchain applications without having to worry about hardware, infrastructure, or scalability – sort of like Amazon‘s own enterprise blockchain solutions.

Good times for enterprise blockchains

JP Morgan struck a chord in the cryptocurrency community earlier this year when it announced its own digital asset called JPM Coin.

The bank’s virtual coin already runs on its proprietary Quorum distributed ledger.

Earlier this week, the Monetary Association of Singapore (MAS) announced that it had successfully completed an international, interbank transfer using blockchain-derived technology. Indeed, MAS’ distributed ledger – Project Jasper – is running on Quorum. It just so happens that JP Morgan also lent a hand in the project’s development.

Love it or hate it, JP Morgan seems to be standing by its mantra of “Bitcoin bad, blockchain good.”

Did you know? Hard Fork has its own stage at TNW2019, our tech conference in Amsterdam. Check it out.

Also tagged with