Share this article
Microsoft Adds JPMorgan’s 'Quorum' Blockchain to Azure Platform
Microsoft has added JPMorgan’s blockchain service Quorum to its blockchain tool box.
Updated Sep 11, 2021, 1:07 p.m. Published Feb 28, 2017, 4:41 p.m.
Make us preferred on Google
Microsoft has added JPMorgan’s Quorum project to its blockchain tool box.
Speaking at the launch of the Enterprise Ethereum Alliance in New York, Marley Gray, Microsoft’s principal architect in charge of blockchain services, revealed the news on stage to a group of about 500 people representing global banks, startups and competing blockchain consortia.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Gray said:
"We are proud to announce that Quorum is now available on Azure."
Azure is Microsoft’s cloud computing platform, which hosts a range of blockchain-as-a-service tools and includes support for multiple implementations of the tech.
Quorum is an enterprise-focused blockchain service based on the ethereum codebase, designed to meet industry demands for faster speeds and high throughput processing.
Also speaking at the event today JPMorgan's blockchain program lead, Amber Baldet, explained that her company began developing Quorum in an attempt to solve issues it believed were present in the current ethereum implementation.
"That's what the initial release is," said Baldet. "But there’s still a long way to go."
JPMorgan and Microsoft are founding members of the Enterprise Ethereum Alliance, formally revealed today, along with about 30 other enterprise and startup members.
The project is aimed at better capitalizing on the streamlined services and potentially faster clearing times of transactions resulting from a shared transaction ledger – and doing so in a collaborative manner.
Baldet concluded:
"We have to get over the hubris of thinking we need to build everything in-house."
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin, ether extend declines as leverage unwind accelerates: Crypto Markets Today
Crypto markets fell further overnight as bitcoin and ether extended losses, metals tumbled and liquidation pressure hit leveraged traders across derivatives markets.
What to know:
- Bitcoin and ether extended declines as the crypto market compounded Thursday's selloff.
- Silver and gold also fell, adding to broader market weakness alongside a firmer dollar.
- Crypto liquidations hit $1.8 billion, while bitcoin dominance slipped as traders rotated into riskier altcoins.
Top Stories
