Microsoft and J.P. Morgan have recently signed an agreement for working together to boost the adoption of enterprise blockchain. This agreement makes Quorum (developed by J.P. Morgan) the first distributed ledger platform available through Azure Blockchain Service.
Umar Farooq, global head of Blockchain, J.P. Morgan, said, "We are delighted to partner alongside Microsoft as we continue to strengthen Quorum and expand capabilities and services on the platform. Azure will bring unique strengths to enterprise clients using Quorum."
Source: JP Morgan
The collaboration with Azure is intended to strengthen Quorum as a fully integrated, Ethereum-based blockchain platform and suite of applications. The platform will enable enterprise businesses across all industries to shift their focus from infrastructure management to application development. Both the companies have planned to continue to work together to address common enterprise, independent software vendor, and developer needs for developing and deploying blockchain solutions on Quorum in the cloud.
Executive vice president of Business Development, Microsoft, Peggy Johnson said, "Together, we’re taking a truly transformative technology like Quorum and making it available through the Azure platform to accelerate innovation for our customers."
Moreover, Quorum will continue to power J.P. Morgan and Microsoft blockchain programs and first-party apps including the Interbank Information Network, JPM Coin and Microsoft’s Xbox royalty payment process.
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