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One of the largest IT product based company JPMorgan Chase Quorum Blockchain to the global tech giant business customers, revealed yesterday.
The Redmond, one of the largest Washington based software firm will now also going to support Quorum, JPM private enterprise vision of Ethereum, with the Microsoft Azure Cloud Platform, the firm revealed. They will also look to support the adoption of the network with the help of their new partnership, after even signing a memorandum of understanding.
As a result, Quorum “will become the first distributed ledger platform available through [the] Azure Blockchain Service, enabling J.P. Morgan and Microsoft customers to build and scale blockchain networks in the cloud,” the companies said in a press release.
A spokesperson for the New York-based JPMorgan also revealed with the help of email that “Microsoft will drive preference to the Quorum stack for Blockchain applications built on Azure.” JPM will also build its own first-party applications for the service.
The head of a blockchain for the JPMorgan, Umar Farooq, revealed in a statement that Quorum has been successful over the coming four years it has been operational with some other organizations across the globe with the help of this latest technology.
A quorum will be going to be used to support for both the Microsoft and JPMorgan blockchain programs as well as with the Interbank Information network, as the part of Internal cryptocurrency JPMcoin and royalty payment points for the platform of the Xbox gaming.