J.P. Morgan and Microsoft have forged a partnership to accelerate the adoption of enterprise blockchain. Microsoft is bringing J.P. Morgan’s in-house distributed ledger platform Quorum to its Azure Blockchain Service, which will enable customers to build and scale blockchain networks in the cloud. Microsoft will also provide engineering, consulting and go-to-market support for Quorum.
Microsoft says that with Quorum customers will be able to rapidly grow their networks while benefitting from lower costs, simplified deployment and built-in governance enabled through Azure Blockchain Service.
Quorum powers J.P. Morgan and Microsoft blockchain programs and first-party apps, such as the Interbank Information Network, JPM Coin and Microsoft’s Xbox royalty payment process, among others.