Joseph Lubin, founder of ConsenSys and cofounder of Ethereum, discusses ConsenSys’s acquisition this week of JPMorgan’s blockchain solution, Quorum. In this episode, he talks about:
- why JPMorgan sold Quorum to ConsenSys, and how that fits into ConsenSys’s larger enterprise offerings
- who Quorum’s clients are and what it is used for
- whether or not ConsenSys is also acquiring the Quorum team
- how the acquisition fits in with the Enterprise Ethereum Alliance and its standards-based approach to blockchain enterprise development
- how much JPMorgan invested into ConsenSys
- how much ConsenSys is raising
- how the Quorum acquisition fits into ConsenSys’s larger restructuring into two main arms focused on software development and venture activity
- how the pandemic has affected ConsenSys’s business
- the recent outcry over MetaMask’s changes to its licensing structure and how it may eventually monetize with a token
- his thoughts on Ethereum’s five-year anniversary and where it is headed with Ethereum 2.0
Thank you to our sponsors!
Crypto.com: http://crypto.com
Nexo: https://www.nexo.io
Episode links:
Joe Lubin: https://twitter.com/ethereumJoseph
ConsenSys: https://consensys.net
ConsenSys Quorum: https://consensys.net/quorum
Announcement about acquisition of Quorum: https://consensys.net/blog/news/consensys-acquires-jpm-quorum/
https://www.theblockcrypto.com/linked/75947/consensys-jpm-quorum-announcement
The Block’s earlier reporting: https://www.theblockcrypto.com/daily/74687/jpmorgan-consensys-investment-deal
Initial report about deal by Reuters: https://www.reuters.com/article/us-jp-morgan-blockchain-exclusive/exclusive-jpmorgan-in-talks-to-merge-blockchain-unit-quorum-with-startup-consensys-sources-idUSKBN2051AW
Interbank Information Network: https://www.jpmorgan.com/solutions/treasury-services/payments-and-cross-currency-solutions/iin
ConsenSys receives money from Payroll Protection Program: https://www.theblockcrypto.com/post/70511/ledgerx-consensys-tendermint-crypto-ppp-trump
MetaMask licensing: https://decrypt.co/39514/metamask-tightens-license-in-response-to-crypto-browser-boom
Links from news recap:
https://unchainedpodcast.com/fidelity-and-the-next-best-thing-to-a-bitcoin-etf/