Microsoft and J.P. Morgan have announced a strategic partnership which will see the two companies work on accelerating the adoption of enterprise blockchain. The announcement was made just ahead of the Build developer conference.
The partnership will bring Quorum, a distributed ledger platform developed by J.P. Morgan, to the customers of J.P. Morgan and Microsoft through Azure Blockchain Service. With this new availability, the customers of both companies will be able to build and scale blockchain networks in the cloud. In addition, the partnership will also power other blockchain programs by the two companies and first-party apps like Interbank Information Network, JPM Coin and Microsoft’s Xbox royalty payment process.
Umar Farooq, Global Head of Blockchain at 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.”
The partnership will help Quorum develop further and become a fully integrated, Ethereum-based blockchain platform with a suite of applications. With the broader availability of the platform, enterprise businesses from across the industries can shift their focus on application development from infrastructure management.