TagQuorum

JP Morgan's Ethereum-Based Quorum Blockchain Will Tokenise Gold Bars

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US banking giant JPMorgan Chase Bank's blockchain, Quorum, will be used to "tokenize" gold bars. Quorum is the enterprise version of the Ethereum blockchain, developed by JPMorgan Chase, will ensure users operate smart contracts while using pre-programmed rules to automate them. The ethereum-based blockchain will afford sustainable miners the opportunity of earning a premium on the global market...

JPMorgan Wants to Use Blockchain to Issue ICO Tokens

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American investment banking giant JPMorgan Chase is pursuing a patent for a distributed system that uses blockchain technology to issue virtual depository receipts that sound suspiciously like initial coin offering (ICO) tokens. JPMorgan Wants to Host IPOs on a Blockchain The patent application, filed by JPMorgan in January and published by the U.S. Patent & Trademark Office (USPTO) on...

EY Launches Blockchain Content Rights Platform in Partnership with Microsoft

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Global leader in advisory services, EY, in partnership with Microsoft announced a blockchain based solution which facilitates content rights and royalties management. To start things off, Microsoft and affiliated game publishers will be using the solution in the gaming industry, although this sort of a solution can be used in multiple industries where intellectual property(IP) or assets are...

JPMorgan Tests the Waters for Debt Issuance on a Blockchain

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For a bank that has distanced itself from cryptocurrencies, JPMorgan is sure fond of the blockchain. The biggest US bank based on assets joined forces with the National Bank of Canada, among others, to develop an application based on its Quorum technology for debt issuance on the blockchain (corporate bonds, Treasury bonds, etc.) The test involved the issuance of $150 million of a one-year...

JPMorgan's Blockchain Lead Quits to Kickstart Her Own Startup

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Amber Baldet, a key executive of JPMorgan's blockchain business, is stepping down for greener pastures. Baldet was the architect of JPMorgan's blockchain strategy, having sat at the helm of the bank's Blockchain Center of Excellence. She is reportedly leaving to launch her own firm on the heels of reports suggesting that JPMorgan may be spinning off its enterprise blockchain project dubbed...

JPMorgan Reportedly Mulls Spinning Off Quorum Blockchain Project

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JPMorgan Chase & Co. is considering spinning off Quorum, its blockchain project, to improve the platform’s appeal as an independent entity, according to Reuters. The open source platform’s code is free and can be redistributed and modified. The plans, first reported by the Financial Times, are still in the early stages, according to a source. The bank released a statement saying it still...

South Africa’s Central Bank Launches Ethereum-Based Blockchain PoC

The central bank of South Africa has launched a new proof-of-concept (PoC) project to replicate interbank settlements on an Ethereum-based blockchain. The South African Reserve Bank (SARB), the country’s central bank, has announced a new FinTech initiative that will include ‘Project Khokha’ – a blockchain PoC endeavor via a partnership with Ethereum coder collective ConsenSys, an official...

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