Update Monday, May 22, 2017, 6:17pm EST JP Morgan Chase has partnered with the American Electric Coin Company , the creator of Zcash , to use the company 's privacy technology as part of its enterprise blockchain platform for smart contracts . The company 's ethereum - based platform will use Zcash 's Zero - knowledge Security Layer to ensure digitised assets are privately held on a distributed ledger , said JP Morgan Executive Director Suresh Shetty . By increasing commercial ##ization for institutional financial markets , investors will be more comfortable using blockchain for a range of business cases , from simple equity trades to complex derivatives , said Zcash COO Jack Gavigan .
JP Morgan Chase has partnered with the American Electric Coin Company , the creator of Zcash , to use the company 's privacy technology as part of its enterprise blockchain platform for smart contracts . The company 's ethereum - based platform will use Zcash 's Zero - knowledge Security Layer to ensure digitised assets are privately held on a distributed ledger , said JP Morgan Executive Director Suresh Shetty . By increasing commercial ##ization for institutional financial markets , investors will be more comfortable using blockchain for a range of business cases , from simple equity trades to complex derivatives , said Zcash COO Jack Gavigan .