Ex JPMorgan Executive head of blockchain announces a new start-up 9257
Finance
Roshni Vayyapuri
May 15, 2018 at 11:13 AM

Fortunes 40 under 40 listed ex J.P. Morgan blockchain arm Amber Baldet announced that she is going to start a new venture. She announced about this at the Consensus blockchain conference in Newyork on Monday. “It’s a way to help people think differently about decentralized application design,” Baldet stated. She also gave a hint at Monday’s news, last week during a presentation at Ethereal Summit, hosted by Ethereum startup incubator ConsenSys.

She started Clovyr along with Patrick Nielsen. Patrick was the lead for the development of J.P. Morgan’s open source blockchain projects.

"Amber is extremely talented and helped build the outstanding team we have today. We respect her desire to start her own venture and we wish her nothing but the best," a J.P. Morgan spokesperson told sources.

Baldet’s vision helped the bank to set its strategy. Christine Moy, senior product manager at J.P. Morgan will be taking in charge of Baldet’s place. Sources reported on April, citing the internal memo of the bank.

There were numerous speculations after she announced the departure from the bank. Every blockchain enthusiasts were very curious to know what her next move would be. Clovyr, the new company will offer something similar to an app store. But in this case, the app is for “decentralized applications” which exist on a blockchain.

“This really is an amazing community and we’re excited to do our part to help it grow,” Baldet added.

Amber Baldet was listed on Fortune’s 40 Under 40 list of the most influential young people in the business. She was also listed on CoinDesk’s 10 Most Influential in Blockchain.

The bank designed and developed Quorum, its blockchain technology two years ago for clearing and settling derivatives. They developed this technology aiming to make the cross-border transaction easier and secure.

 

Image source: CNBC