As JP Morgan Chase’s new blockchain lead, Christine Moy has big shoes to fill. And a quandary to resolve.
Moy took over last month from Amber Baldet, one of the most prominent figures in blockchain, after she left to form an as-yet-unnamed startup. Around the same time, Baldet announced her departure, word leaked out that JP Morgan was considering a spin-out of Quorum, the ethereum-based, open-source project that had been the cornerstone of the bank’s blockchain work.
To be clear, those deliberations do not mean Quorum is struggling – big corporates like JP Morgan tend to shelve failing projects, not spin them out into funded entities. Indeed, it could be argued that Quorum may have become a victim of its own success.
There are more than 20 organizations within the Enterprise Ethereum Alliance working group looking to build on top of the platform. But for JP Morgan, the challenge is about allowing Quorum to flourish independently, in true open-source protocol style.
Perhaps private blockchains, like their public counterparts, face difficult governance problems, too – especially once they start to gather a network effect. Yet in an interview this week, Moy was quick to emphasize that the recent speculation around Quorum does not capture the breadth of JP Morgan’s work in distributed ledger technology (DLT). Read more from coindesk.com…
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