According to an all-new report released earlier this week, banking giant JP Morgan is currently in the process of facilitating a merger of its in-house blockchain unit called Quorum with Ethereum-based software developer ConsenSys. The deal is currently under negotiation and is likely to be finalized by the end of Q3 2020.
Quorum is a blockchain-based network that has been built atop the ecosystem. It currently serves as the foundation for JP Morgan’s Interbank Information Network, a decentralized network that connects more than 300 banks and financial institutions, allowing them to exchange a host of information related to payments. The project currently counts 25 employees.
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Source: Cryptocurrency - investing.com
