A Reuters report indicates that JPMorgan Chase & Co is in talks to merge Quorum with the prominent blockchain startup ConsenSys.
The common denominator between Quorum and ConsenSys is that both organizations develop technology which uses the Ethereum (ETH) blockchain. Quorum is used by JPMorgan to operate the Interbank Information Network, which is a payments network that involves over 300 banks. ConsenSys on the other hand participates in a broad spectrum of blockchain projects, ranging from building enterprise applications to creating developer tools.
There is speculation that this merger will be beneficial for the Ethereum (ETH) ecosystem. In particular, this news is being spun as evidence that JPMorgan is becoming more involved with Ethereum (ETH) and blockchain technology in general.
However, JPMorgan has been considering offloading Quorum for two years now, and had been evaluating options including setting up an open source foundation, creating a new startup company, or merging Quorum with another company.
Therefore, it is possible that JPMorgan is simply offloading their blockchain unit, rather than becoming even more involved in the crypto space.
All that being said, the initial report from Reuters references anonymous sources, and clearly states that the terms for this deal are uncertain, as well as mentioning that there might not be an official announcement for up to 6 months. Therefore, this news should be taken with a grain of salt, since it is just rumors and speculation for now.