Jpmorgan began negotiations on the merger of his blockchain unit with Consensys


The JPMorgan Chase financial holding is negotiating the merger of its Quorum Blockchalter with the Ethereum Consensys Development Studio.

According to Reuters, although the conditions are still discussed, but officially about the transaction can declare in the next six months. The source from Jpmorgan refused to tell reporters details, but the merger should not affect

It is noteworthy that the Quorum network runs on the ETHEREUM platform. In addition to Iin and other financial products, the JPM Coin Tocken is also created, intended for instantaneous translations of funds between organizations.

It is also unknown to join QUORUM from 25 people to Consensys after a merger, since last week the development studio announced the restructuring and reducing 14% of their staff.

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