The largest bank in the United States has partnered with the largest software provider to bring enterprise blockchain to the masses by DelRayMan
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In a joint statement released today, JPMorgan explained in greater detail what the partnership with Microsoft means, not only to enterprises looking to use the publicly available Quorum blockchain JPMorgan helped create, but in an unusually bold statement from a financial institution, to society at large.
The two companies, collectively valued at $1.3 trillion said they signed a memorandum of understanding to accelerate the adoption of blockchain among large enterprises. The statement positions JPMorgan as the first distributed ledger platform available through the Azure Blockchain Service, a series of tools designed to seamlessly integrate with Microsoft’s cloud platform.
Public blockchains like ethereum, which anyone can access, were originally hailed as ways to move value without middleman like banks, which many of their early users did not trust in the years following the financial collapse of 2007 and 2008.
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