JPMorgan Launches Interbank Payments Platform on Quorum Blockchain

[sheld0n]

Wall Street banking giant JPMorgan Chase is launching a new interbank payments platform powered by blockchain, the firm announced today.
With the participation of two other banks – Australia-based ANZ and the Royal Bank of Canada (Australia) – the Interbank Information Network (IIN) will be built on Quorum, the ethereum-based blockchain network first unveiled last fall. Additional institutions are expected to join the initiative in the coming months, with a specific focus on the correspondent banking market.