JPMorgan's own Blockchain?

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While CEO of JPMorgan Jamie Dimon isn't shy about his disdain for bitcoin; the company is working on their own blockchain called Quorum.

"Quorum™ is an enterprise-focused version of Ethereum." - According to JPMorgan.com 👇
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I think this a good thing for cryptocurrency in general? What do you think? Is this good for crypto?
Heres the link to JPMorgan-Quorum: https://www.jpmorgan.com/country/US/en/Quorum#section_1320553510217

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