Former JP Morgan Head Of Blockchain Unveils New Startup

Announcements, Blockchain | May 15, 2018 By:

Amber Baldet, former head of JP Morgan’s blockchain arm, has announced a new blockchain company that seeks to provide a hybrid environment for sharing and playing around with enterprise-grade application, development tools and datasets.

Baldet, who announced her departure from JP Morgan last month, partnered with Patrick Mylund Nielsen, former developer for JP Morgan’s open source blockchain projects, to start a new blockchain company called Clovyr. The new company intends to create an ecosystem of decentralized applications and services for firms to experiment, iterate, and grow products to production at speed.

“It’s a way to help people think differently about decentralized application design,” Baldet said Monday at the Consensus blockchain conference in New York. “This really is an amazing community and we’re excited to do our part to help it grow.”

Clovyr will initially provide tooling to build on both public and enterprise versions of ethereum, specifically the Quorum, Geth and Parity clients. Other blockchain integrations will also be added if there is a demand. The company plans to launch a full tech stack for privacy-preserving decentralized application design, that would achieve compliance with upcoming data protection law, the GDPR.

“We want to provide very clear privacy-preserving stacks [that] we recommend you go with if you don’t know where to start,” Baldet said.

Baldet, who was listed on Fortune’s 40 Under 40 list of the most influential young people in business, led JPMorgan’s Blockchain Center of Excellence and helped the bank set its blockchain strategy. Her plans have been the subject of speculation since she announced her departure from the bank. This theme of creating hybrid blockchain environments is one that Baldet has been hinting at in a spree of talks in recent weeks, including at a recent Ethereal Summit, a community-building event hosted by ethereum startup incubator ConsenSys.