October30(ChainDD)JPMorgan’sEthereum-basedenterpriseblockchainplatformQuorumwillcreatenewopportunitiesforglobaltraderssinceitwillhelptokenizevariousassetsincludinggoldbar,preciousmetals,realestateandart,JPMorgan’sblockchainbusinessleaderUmarFarooqtoldtheAustralianFinancialReview.Farooqgaveanexampleofgold.HesaidpeopleoutsideJPMorganareusingQuorumtoturngoldinto“atamper-proofcaseelectronicallytagged”,sothattheycantrackgoldbarsfromminingtotheendpoint.AccordingtotheAustralianFinancialReview,QuorumcouldbesplitoffJPMorganandbeconsideredbeingusedforcapitalmarketsissuance,secondarymarketsandcustody.”Theentirevaluechainisgoingtoheadinthatdirection,”saidFarooq.