JP Morgan Portfolio Company Partners With Blockchain Startup Run By Former Deloitte Boss - News Summed Up

JP Morgan Portfolio Company Partners With Blockchain Startup Run By Former Deloitte Boss


Former Deloitte boss turned Citizens Reserve head, Eric Piscini, confirmed a partnership with Smartrac, a JP Morgan portfolio company dealing in the product digitization space. Adding blockchain to the supply chain also provides a new aspect of security and tracking. According to Dhamija, Citizens Reserve utilizes both ethereum's blockchain, as well as Quorum's blockchain, which is JP Morgan's etheruem-based blockchain. The company hopes to conclude its meat industry testing by the end of March, with a full meat industry launch shortly after. In this case, the two businesses will start with the meat industry and eventually expand to the entire food industry, according to Piscini.


Source: Forbes January 22, 2019 14:00 UTC



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