Ethereum Community Fund Created

Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint are involved in the creation of the new fund
16 February 2018   328

Prominent members of the Ethereum ecosystem open a fund designed to support projects developed on the blockchain of the second largest crypto currency. This is reported by CoinDesk.

Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint are involved in the creation of the Ethereum Community Fund (ECF). Their goal is to introduce the services on the basis of Ethereum in the infrastructure of companies, which they can be useful.

The fund's founders also intend to launch a grant program that will provide "permanent financial security" to selected projects, the press release said.

The founder of Ethereum Vitalik Buterin directly participates in the work of the fund, in a letter to CoinDesk confirming that he acts as an adviser.

Ethereum has grown beyond my expectations over the last few years, but the work is clearly not finished. Delivering value that matches the hype should be the mantra of 2018; efforts such as the ECF which help organize the development of the ecosystem are going to help make that possible.

Vitalik Buterin

Co-creater, Ethereum

ECF is not the only organization dedicated to the development of the Ethereum ecosystem. Ethereum Foundation, a not-for-profit organization that also makes a significant contribution to the development of the platform, in January announced the launch of two sponsorship programs designed for developers seeking solutions to scale the network. The Enterprise Ethereum Alliance provides resources to companies interested in applying Ethereum, and links Fortune 500 companies with crypto-cash start-ups. 

JPMorgan May Work on Quorum's Spin-Off

Bank giant believes that independence from the bank could increase the platform's appeal
23 March 2018   62

Referring to anonymous sources, the Financial Times and Reuters report that this step, if done, will be aimed at increasing the attractiveness of the platform.

The Quorum open source project was launched in 2016 and is a private version of the Ethereum blockchain. JPMorgan presented the project at the annual Sibos conference.

We continue to believe distributed ledger technology will play a transformative role in business which is why we are actively building multiple blockchain solutions. We’re not going to comment on speculation, but Quorum has become an extremely successful enterprise platform even beyond financial services and we’re excited about its potential.

JP Morgan Spokesman

Reuters could not find out if the current employees of the Quorum project would join the new venture. It is also unknown what role the new head of the innovation center of the blockchain of JPMorgan, Ember Bolde, currently responsible for the development of Quorum, will do.