Robert Hackett — Why J.P. Morgan Chase Is Building a Blockchain on Ethereal
J.P. Morgan Chase is developing a blockchain, commonly referred to as a public ledger, atop a crypto-network called Ethereum.
The system, dubbed “Quorum,” is designed to toe the line between private and public in the realm of shuffling derivatives and payments. The idea is to satisfy regulators who need seamless access to financial goings-on, while protecting the privacy of parties that don’t wish to reveal their identities nor the details of their transactions to the general public.
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