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href="/news/crypto-lifestyle">#cryptolifestyle</a></li><li class=""><a href="/news/crypto-wallets">#cryptowallets</a></li><li class=""><a href="/news/crypto-world">#cryptoworld</a></li><li class=""><a href="/news/dailyanalysis">#dailyanalysis</a></li><li class=""><a href="/news/earn">#earn</a></li><li class=""><a href="/news/featured">#featured</a></li><li class=""><a href="/news/insights">#insights</a></li><li class=""><a href="/news/latest">#latest</a></li><li class=""><a href="/news/market-prices">#marketprices</a></li><li class=""><a href="/news/opinions">#opinions</a></li><li class=""><a href="/news/tutorials">#tutorials</a></li><li class=""><a href="/news/uncategorised">#uncategorised</a></li><li class=""><a href="/news/urgent-updates">#urgentupdates</a></li></ul></div><section class="sc-61d7b15a-0 faJETY news_content"><div class="heading"><a href="/news/blockchain"><svg width="17" height="16" viewBox="0 0 17 16" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M6.65685 15.0709L0.292892 8.70692C-0.0976315 8.31639 -0.0976315 7.68323 0.292892 7.2927L6.65685 0.928741C7.04738 0.538216 7.68054 0.538216 8.07107 0.928741C8.46159 1.31926 8.46159 1.95243 8.07107 2.34295L3.41421 6.99981L16 6.99981C16.5523 6.99981 17 7.44752 17 7.99981C17 8.55209 16.5523 8.99981 16 8.99981L3.41421 8.99981L8.07107 13.6567C8.46159 14.0472 8.46159 14.6804 8.07107 15.0709C7.68054 15.4614 7.04738 15.4614 6.65685 15.0709Z"></path></svg>Back</a><div class="sc-4fdbe080-0 iAjgpz title "><h1>JP Morgan Introduces Privacy Feature For Ethereum-Based Blockchain</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Jun 03, 2019</li><li>15:06</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span 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team</div></div></div><div class="content"><div class="main_image"><img title="JP Morgan Introduces Privacy Feature For Ethereum-Based Blockchain" alt="JP Morgan Introduces Privacy Feature For Ethereum-Based Blockchain" fetchpriority="high" width="742" height="0" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2019%2F06%2Fcr-no-photo.jpg&w=750&q=75 1x, /_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2019%2F06%2Fcr-no-photo.jpg&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2019%2F06%2Fcr-no-photo.jpg&w=1920&q=75"/></div><div class="content_block"><p>JPMorgan has managed to develop a new layer on the Ethereum-based blockchain platform to add a further layer of anonymity to transactions, <a href="https://www.coindesk.com/jpmorgan-adds-new-privacy-features-to-its-ethereum-based-quorum-blockchain" rel="nofollow">Coindesk</a> reports.</p><p>More concretely, the bank’s blockchain team has developed an extension to the Zether protocol, which is designed to conceal transactions carried out on the Ethereum blockchain. It is said that JPMorgan plans to open-source the extension on Tuesday and most probably team it with its own Quorum, an enterprise-focused version of Ethereum developed by the bank.</p><blockquote><p>“In the basic Zether, the account balances and the transfer accounts are concealed but the participants’ identities are not. So we have solved that. In our implementation, we provide a proof protocol for the anonymous extension in which the sender may hide herself and the transactions recipients in a larger group of parties,” said Oli Harris, the head of Quorum and crypto-assets strategy at the bank.</p></blockquote><p>The aim of the extension is to mask information related to the amount of money that is being sent as well as who the sender is.</p><blockquote><p>“When we look at our own JPMorgan applications [the extended version of Zether] will be one choice of many that we will be looking at,” added Harris.</p></blockquote><p>This news doesn’t come as a surprise at all as the bank continues to make significant progress in incorporating blockchain technology into its own banking system. A few weeks ago, the bank <a href="https://newconomy.media/news/jpmorgan-and-microsoft-sign-blockchain-partnership-agreement/">announced</a> it partnered with the tech giant Microsoft to bring enterprise blockchain to the masses.</p><p>As a result of the partnership, JPMorgan and Microsoft customers will be able to use the Quorum blockchain through Microsoft’s Azure Blockchain Service and develop blockchain networks in the cloud. Thus, Quorum becomes the first blockchain platform available through Microsoft’s Azure.</p><p>Previously, Newconomy <a href="https://newconomy.media/news/jpmorgan-expands-blockchain-project-220-banks-04-23-19/">reported</a> that around 220 banks will join JPMorgan’s blockchain-based Interbank Information Network (IIN), which allows banks to quickly address payments that contain errors, or transactions that are held up for compliance reasons.</p><p><a href="https://crypterium.com/install"><img style="width:900px" src="https://webinar.choise.com/wp/2019/07/28b6ad1b-a558-41a7-b630-d5c36955b570.png" data-height="364" data-width="1200"/></a></p><p dir="ltr"><strong>About Crypterium</strong></p><p dir="ltr">Crypterium is one of the most promising fintech companies, according to KPMG and H2Ventures. 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type="application/json">{"props":{"pageProps":{"data":{"id":"5947","slug":"jp-morgan-introduces-privacy-feature-for-ethereum-based-blockchain","title":"JP Morgan Introduces Privacy Feature For Ethereum-Based Blockchain","date_created":"2019-06-03T12:01:12.000Z","image":null,"old_image":"https://webinar.choise.com/wp/2019/06/cr-no-photo.jpg","seo_image":null,"category":{"id":"64","title":"Blockchain","slug":"blockchain","translations":[{"title":"Blockchain","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"JP Morgan Introduces Privacy Feature For Ethereum-Based Blockchain","content":"\u003cp\u003eJPMorgan has managed to develop a new layer on the Ethereum-based blockchain platform to add a further layer of anonymity to transactions, \u003ca href=\"https://www.coindesk.com/jpmorgan-adds-new-privacy-features-to-its-ethereum-based-quorum-blockchain\" rel=\"nofollow\"\u003eCoindesk\u003c/a\u003e reports.\u003c/p\u003e\u003cp\u003eMore concretely, the bank\u0026#8217;s blockchain team has developed an extension to the Zether protocol, which is designed to conceal transactions carried out on the Ethereum blockchain. It is said that JPMorgan plans to open-source the extension on Tuesday and most probably team it with its own Quorum, an enterprise-focused version of Ethereum developed by the bank.\u003c/p\u003e\u003cblockquote\u003e\u003cp\u003e\u0026#8220;In the basic Zether, the account balances and the transfer accounts are concealed but the participants\u0026#8217; identities are not. So we have solved that. In our implementation, we provide a proof protocol for the anonymous extension in which the sender may hide herself and the transactions recipients in a larger group of parties,\u0026#8221; said Oli Harris, the head of Quorum and crypto-assets strategy at the bank.\u003c/p\u003e\u003c/blockquote\u003e\u003cp\u003eThe aim of the extension is to mask information related to the amount of money that is being sent as well as who the sender is.\u003c/p\u003e\u003cblockquote\u003e\u003cp\u003e\u0026#8220;When we look at our own JPMorgan applications [the extended version of Zether] will be one choice of many that we will be looking at,\u0026#8221; added Harris.\u003c/p\u003e\u003c/blockquote\u003e\u003cp\u003eThis news doesn\u0026#8217;t come as a surprise at all as the bank continues to make significant progress in incorporating blockchain technology into its own banking system. A few weeks ago, the bank \u003ca href=\"https://newconomy.media/news/jpmorgan-and-microsoft-sign-blockchain-partnership-agreement/\"\u003eannounced\u003c/a\u003e it partnered with the tech giant Microsoft to bring enterprise blockchain to the masses.\u003c/p\u003e\u003cp\u003eAs a result of the partnership, JPMorgan and Microsoft customers will be able to use the Quorum blockchain through Microsoft\u0026#8217;s Azure Blockchain Service and develop blockchain networks in the cloud. Thus, Quorum becomes the first blockchain platform available through Microsoft\u0026#8217;s Azure.\u003c/p\u003e\u003cp\u003ePreviously, Newconomy \u003ca href=\"https://newconomy.media/news/jpmorgan-expands-blockchain-project-220-banks-04-23-19/\"\u003ereported\u003c/a\u003e that around 220 banks will join JPMorgan\u0026#8217;s blockchain-based Interbank Information Network (IIN), which allows banks to quickly address payments that contain errors, or transactions that are held up for compliance reasons.\u003c/p\u003e\u003cp\u003e\u003ca href=\"https://crypterium.com/install\"\u003e\u003cimg style=\"width: 900px;\" src=\"https://webinar.choise.com/wp/2019/07/28b6ad1b-a558-41a7-b630-d5c36955b570.png\" data-height=\"364\" data-width=\"1200\" /\u003e\u003c/a\u003e\u003c/p\u003e\u003cp dir=\"ltr\"\u003e\u003cstrong\u003eAbout Crypterium\u003c/strong\u003e\u003c/p\u003e\u003cp dir=\"ltr\"\u003eCrypterium is one of the most promising fintech companies, according to KPMG and H2Ventures. We are building a mobile app that meets the banking needs of the digital assets era.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eOur goal is clear: with Crypterium, whatever you can do with traditional money you will able to do with digital assets. This idea is supported, among others, by the co-founder of TechCrunch Keith Teare and over 400,000 registered users, and the number is growing by day.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eThe team is led by former General Manager of Visa Central amp; Eastern Europe Steven Parker, and C-level executives from global financial institutions, like Renaissance Insurance, London Derivatives Exchange, American Express etc.\u003c/p\u003e\u003cp dir=\"ltr\"\u003eJoin our \u003ca href=\"https://t.me/crypterium_en\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eTelegram news channel\u003c/a\u003e or other social media to stay updated!\u003c/p\u003e\u003cp dir=\"ltr\"\u003e\u003ca href=\"http://crypterium.com/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eWebsite\u003c/a\u003e ๏ \u003ca href=\"https://t.me/crypterium\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eTelegram\u003c/a\u003e ๏ \u003ca href=\"https://www.facebook.com/pg/crypterium.org\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eFacebook\u003c/a\u003e ๏ \u003ca href=\"https://twitter.com/crypterium\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eTwitter\u003c/a\u003e ๏ \u003ca href=\"https://www.reddit.com/r/crypterium_com/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eReddit\u003c/a\u003e ๏ \u003ca href=\"https://www.youtube.com/channel/UChl-t3ilQK9mKj0jgXCdaxA\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eYouTube\u003c/a\u003e ๏ \u003ca href=\"https://www.linkedin.com/company/crypterium/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eLinkedIn\u003c/a\u003e\u003c/p\u003e","short_content":"JPMorgan has managed to develop a new layer on the Ethereum-based blockchain platform to add a further layer of anonymity to transactions, Coindesk reports. More concretely, the bank\u0026#8217;s blockchain team has developed an extension to the Zether protocol, which is designed to conceal transactions carried out on the Ethereum blockchain. It is said that JPMorgan","seo_title":null,"seo_description":null,"seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"blockchain","slug":"jp-morgan-introduces-privacy-feature-for-ethereum-based-blockchain"},"buildId":"pHeohfhnkHqWjlSD2pj5F","isFallback":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>