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Fintech

JPMorgan and Microsoft team up on blockchain

Bank will use Microsoft Azure to power its Quorum platform, letting companies that use it build blockchain applications faster

JPMorgan is tapping Microsoft’s cloud-based services to boost its blockchain platform, aiming to make it easier, faster and cheaper for companies to build and deploy blockchain applications.

Microsoft’s Azure will power the platform, named Quorum, which will allow enterprises to build new blockchain applications in as little as a few weeks without needing as much expertise, said Umar Farooq, JPMorgan’s head of blockchain initiatives.

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