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.