Altcoin News: Microsoft Integrates JPMorgan's Quorum Blockchain Platform into Azure

May 3, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Microsoft will promote the financial blockchain Quorum, developed by JPMorgan Chase, among its corporate clients through the Microsoft Azure cloud platform.

Redmond will be the first company to support blockchain based on Ethereum Quorum, which will allow JPMorgan and Microsoft clients to create and scale cloud-based solutions on the blockchain.

According to the head of the blockchain-direction in JPM Umar Farooq, the project Quorum is becoming increasingly popular — it is already used by 201 banks.

“Now Azure will bring unique strengths to enterprise clients using Quorum,” he said.

Quorum blockchain will be used to support JPM and Microsoft programs, as well as the interbank information network of the bank, its internal cryptocurrency JPMCoin and royalty payment points for the Xbox gaming platform.

As part of this partnership, companies will strive to meet the needs of enterprises, developers and suppliers to create blockchain applications using Azure cloud servers. Microsoft will also provide support to network users, including technical advice.

“The move will make Quorum more easily available to customers through the Azure platform,” said Microsoft executive vice president of business development Peggy Johnson. “As digital transformation extends beyond the walls of an individual organization, companies need solutions that enable them to securely share their business processes and data.”

Earlier, Microsoft announced a partnership with the EEA, under which it intends to help companies token-out assets.

Author: Marko Vidrih