J.P.Morgan’s Quorum becomes part of ConsenSys, putting Ethereum at heart of commercial and financial infrastructure

The main driver of today’s entry is the news — which has largely percolated — that ConsenSys acquired Quorum from J.P. Morgan, as well as received an investment from the bank in the company. There is a lot of jargon in the blockchain industry, and I want to try to pull this news apart to explain why it is interesting both to incumbent financial services players, as well as meaningful to the developing decentralized finance industry.