As revealed by Reuters two weeks ago, ConsenSys has acquired the Enterprise Ethereum platform Quorum from J.P. Morgan, which also made a strategic investment in the company which Reuters put at $20 million.
“The creation of Quorum was a first for J.P. Morgan, both in terms of developing its own blockchain protocol, and open sourcing software for the developer community,” said Umar Farooq, Global Head of Blockchain, J.P. Morgan . “We’re incredibly proud of the usage of Quorum over the past few years and are excited to have ConsenSys as a partner to take the vision forward.”
ConsenSys also incubated Hyperledger Besu, another flavor of Enterprise Ethereum. When we reported the news two weeks ago, we raised the possibility of a future rationalization between the two open source protocols. The company said it plans to merge its existing engineering roadmap with Quorum ‘leveraging the best of both codebases’.
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