Microsoft has collaborated with JP Morgan Chase to boost the financial giant’s Quorum blockchain technology.
Quorum is available through Microsoft’s Azure computing service, is JP Morgan’s enterprise version of Ethereum, and is designed to power interbank payments.
JP Morgan will become the first distributed ledger platform available through Azure Blockchain Service.
It will give Microsoft & JP Morgan customers the ability to deploy and manage scalable blockchain networks in the cloud.
All industries can shift their focus from infrastructure management to application development, ultimately driving transformative business value.
JP Morgan & Microsoft will continue to address common enterprise, independent software vendor & developer needs for building and deploying blockchain applications.
Customer get Benefits:
- Lower costs
- Simplified deployment
- Built-in governance enabled
Microsoft will provide engineering, consulting and go-to-market support for Quorum.
Quorum will continue to power JP Morgan and Microsoft blockchain programs, providing a platform for their customers to build blockchain networks and applications.
Quorum will continue to power first-party apps, including Microsoft’s Xbox royalty payment process, Interbank Information Network and JPM Coin.