Amber Baldet of JP Morgan had announced that bank would work on its own Blockchain technology, quorum is planning to build a network of blockchain technologies. JP Morgan’s own technology of blockchain is based on ethereum which is also the second leading cryptocurrency. Blockchain is basically the decentralized system of ledger where transactions get recorded in chronological order. Recently a conference about ethereum blockchain technology has been organised in Paris, where Amber Baldet of JP Morgan had presented her views.
She outlined the aims of quorum and mentioned her tireless efforts in discussing about the technology with multiple crypto communities. She talked about bringing a common solution to all the encounters that generally blockchain developers face. Her speech included a term as crypto balkanization which means damage done to the crypto communities by dividing them. She blames political contents for this. Softwares of both ethereum and quorum are similar by 95 percent. quorum had implemented a further layer of security by adopting privacy centric cryptocurrency zcash. She underlined the fact that finance chiefs who have criticized the bitcoin have also appreciated blockchain technology.
