JP Morgan Using Ethereum-Powered Blockchain for Tokenizing Gold

One of the largest banks in the world, JP Morgan, is using an Ethereum-based blockchain, Quorum, to tokenize assets like gold.  Quoram Enterprise Blockchain JP Morgan, the New York-based investment bank, is using a blockchain platform to tokenize gold. The system enables sustainable miners to earn a premium on global markets. According to the Australian Financial…

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Blockchain Project Result Released By South African Reserve Bank

The South African Reserve Bank (SARB), the central bank of the country, has released the results of Project Khoka, a proof of concept (PoC) for interbank transfers using Quorum, JP Morgan‘s private, ethereum-based platform. First announced in February of this year, Project Khoka focused on providing participants practical experience on aspects of using blockchain technology…

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Spanish Bank Makes History And Votes With Blockchain At Annual Meeting

The secure, decentralized nature of blockchain technology presents countless applications outside of cryptocurrency, as one European bank proved in a historic first at its last annual investor meeting. Investors at future meetings could wait seconds instead of weeks to see their votes counted and confirmed. ‘Practical’ and ‘Instant’ Investors at the Madrid-based Santander bank cast…

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JP Morgan’s Blockchain Quorum Seeking Independence

US banking giant JP Morgan Chase is considering separating its blockchain division as an independent company. The notion being that liberation from the bank could increase the overall appeal of the project. Blockchain Disassociated from Banks According to reports citing ‘sources familiar with the situation’ the open source Quorum blockchain project could be spun off…

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