Our Global offices: Singapore | India

Quorum Development Company

Quorum is an Ethereum focused Blockchain technology, one of the first domains it aims to revolutionize is Finance. Enterprises can take full advantage of the fact that it is open source and bring the best out of the Quorum blockchain platform. However, it’s usage is not confined to the finance industry only.

How Quorum Blockchain Best for Finance sector .

Finance sector requires a specific type of type of Blockchain that facilitates faster transactions, high-throughput, confidence, trust, transparency, privacy and easy p2p interaction. JP Morgan understood that and worked towards a Blockchain that will benefit finance industry. Quorum offers high-speed processing and performance while maintaining transaction details hidden. Quorum tries to build a blockchain solution that can cater to the needs of the financial industry.

Quorum Blockchain Features

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Privacy and Transparency

Quorum understands it and hence offers both transaction-level privacy and network-wide transparency. These parameters are also not locked and can be customized by the business themselves. Smart contracts play a crucial role in the customization.

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Performance

Quorum is fast and can handle hundreds of transactions per second a massive improvement over Ethereum and Bitcoin rates. The transaction speed can be configured according to smart contracts and the network configuration. With optimization, the number of transactions can be improved significantly.

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Permission

As financial institutes are private, it was necessary to allow permission approach. Quorum does that and ensures proper transactions between a group of known permissioned participants. Governance can also be managed through a smart contract based tool. Quorum’s permissioned chain is a consortium blockchain; it is meant to be implemented between participants that are pre-approved by a designated authority.

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Consensus

Quorum’s consensus protocol is called QuorunChain and it is initiated with the genesis block, it is a simple, straightforward,voting protocol. A smart contract is used within the genesis block to assign voting rights and tracks the status of all voting nodes within the network as it updates.

Our Awards And Recognitions

Awards and Recognition
Awards and Recognition
Awards and Recognition

Interested in exploring Blockchain for your business?

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Singapore Office:

111 North Bridge Rd, #21-01 Peninsula Plaza, Singapore
179098

India Office:

448-A EnKay Square, Opposite Cyber Hub, Gurugram, Haryana - 122016,India

Contact Info

Mail us: [email protected]