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JPMorgan Chase Taps New Blockchain Head as It Considers Quorum’s Future

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JPMorgan Chase will be continuing its exploration of blockchain technology with new head Christine Moy, the bank said.

Moy is a senior product manager in the bank’s Blockchain Center of Excellence, and will assume the leadership role after Amber Baldet announced her departure yesterday, Reuters reported. Baldet will go on to start her own venture, as per Reuters, although there are no specifics yet on what that venture may consist of. Moy was Baldet’s first hire at JPMC.

As well as overseeing JPMorgan Chase’s beginning explorations into blockchain, Baldet, who has been with the bank six years, was also responsible for the development of Quorum, the bank’s Ethereum-based blockchain designed for use by enterprises.

The bank is currently considering whether to spin the Quorum chain out as a separate company, it was reported in March 2018, a decision that would allow the platform to support more open-source projects and attract more partners, according to senior officials at the bank. The Financial Times noted in March that JPMorgan had seen little interest from rival banks in using its homegrown technology. The bank has not announced any further spin-out plans.

Read more at Reuters, Fortune, and Bloomberg.

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Grace Noto is Associate Editor of Bank Innovation. She has an MA from the University of Essex, as well as BA in English and a BA in Journalism from SUNY New Paltz. Prior to joining Bank Innovation in the summer of 2016, she worked on Electronic Products Magazine, an online publication surrounding technology and computer engineering, and has worked for other publications, including the Poughkeepsie Journal. She also writes in her spare time, and really needs more hobbies.

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