Five months after ConsenSys acquired the Quorum blockchain from creator JPMorgan bank, the Brooklyn-based Ethereum development firm has announced a major coup: a partnership with China’s national blockchain project.
ConsenSys acquiring JPMorgan’s Quorum enterprise blockchain solution
The deal is a big win for Joe Lubin’s Ethereum venture studio, and will allow the bank to pull back from supporting an open blockchain with a growing number of users
Ethereum-focused enterprise blockchain development firm ConsenSys announced that it will acquire JPMorgan’s Quorum distributed ledger solution. It is part of a strategic investment in the firm by JPMorgan.
Mexico’s Restaurant Toks tracking coffee on blockchain
Simba Chain’s smart-contract-as-a-service platform is helping the casual dining chain track the source and sustainability of the coffee it serves
Restaurant Toks, a casual dining chain with 208 locations across Mexico, has teamed up with blockchain provider Simba Chain and the University of Notre Dame to create a distributed application to register and track every coffee bean it has "purchased, processed, packaged, and sold."
ConsenSys cut 14% of staff today, blaming the COVID-19 pandemic
Another round of layoffs hit 90 people at Joe Lubin’s Ethereum venture studio, two months after similar cuts related to a reorganization
Two months after ConsenSys cut 14% of staff in a round of layoffs, the axe has struck once again at Joe Lubin’s Brooklyn-based Ethereum venture studio. On April 20, the company announced another 14% reduction in headcount, this time attributed to the coronavirus pandemic downturn. That’s about 90 people. “Like most of its peers, ConsenSys is seeing extraordinary uncertainty in the market, with businesses rebalancing priorities and reevaluating timelines,” a spokesperson told Modern Consensus via email. “In such an environment, we must make changes to conserve resources and ensure our continued ability to support our customers, drive innovation, and serve the broader ecosystem.” Adding that “no particular areas that were…