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Quorum Development Blockchain for the Financial Industry

Blockchain specialists for financial applications

Quorum is an important step in the adoption of blockchain technology by the financial industry. Quorum, a permissioned blockchain platform built on Ethereum and specifically targeted at the financial sector, is based on ethereum. Quorum Blockchain was designed to share and replicate data that is common for financial enterprises. This layer is added to Ethereum and allows for robust private transactions using different consensus algorithms. The performance of the Quorum is better than that of the public Go-ethereum (Geth) protocol.

The Quorum Network that we create for you consists of three components

Quorum Node Modified Go-Ethereum client
Constellation Transaction Manager
Constellation Enclave

How does Quorum work?

Party - A

1.
NFT Marketplace

Transaction

+
NFT Marketplace

Symmetric key

=
NFT Marketplace

Encrypted

2.
NFT Marketplace

Encrypted Transaction

+

SHA3-512

=
NFT Marketplace

Hash (Stored on Chain)

3.
NFT Marketplace

Symmetric key

+
NFT Marketplace

Party B - Public Key

=
NFT Marketplace

Encrypted- Symmetric Key

Party - B

4.
NFT Marketplace

Encrypted - Transaction

+
NFT Marketplace

Encrypted- Symmetric key

=
NFT Marketplace

Hash (Stored on Chain)

5.
NFT Marketplace

Encrypted- Symmetric key

+
NFT Marketplace

PartyB- Private key

=
NFT Marketplace

Symmetric Key

6.
NFT Marketplace

Encrypted Transaction

+
NFT Marketplace

Symmetric key

=
NFT Marketplace

Transaction

Quorum Blockchain - The Advantages

Privacy

Quorum Blockchain allows us to create private transactions and private contracts through public/private separation. Constellation is a P2P encrypted messaging exchange that allows private data to be shared with network participants.

Alternative Consensus Mechanisms

We offer several consensus protocols on Quorum instead of POS or POW. Raft-based Consensus model to speed up block times and transaction finality. On-demand block creation Istanbul BFT consensus algorithm.

Peer Permissioning

Peer permissioning is used with smart contracts to ensure that only authorized parties can join blockchain networks. The peer to peer layer is modified to allow connections from & to permissioned/authorized nodes.

Use Case of Quorum Blockchain

Quorum Solutions are developed for a range of financial applications. These solutions were developed by our team of renowned quorum experts and blockchain enthusiasts.

Asset Tokenization Platform

Stablecoin Development

Custodial Services

Secret Ballot Voting

Quorum DApps

Government Welfare Solutions

P2P digital asset exchange

Data Integrity Compliance

Interbank Settlement Layer

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FAQ(Frequently Asked Question)

Quorum, a permissioned blockchain platform built on Ethereum and designed specifically for the financial industry, is a blockchain platform that is primarily focused on enterprises. Quorum Blockchain was designed to share and replicate data that is common for financial enterprises.

ConsenSys, the New York-based blockchain company J.P. Morgan, announced that it was acquiring Quorum on August 25th.

Quorum, an open-source blockchain protocol, is designed to be used in a private network where only one member controls all nodes. Or, in a consortium network where multiple members own a part of the network. Quorum can be derived from Ethereum using the Geth client.

A quorum is a group of people who have attended a meeting, whether it's a mass meeting or an organization whose membership cannot be determined accurately. A quorum in committees or boards is the majority of members of the committee or board unless otherwise stated.

is using Quorum to manage the Interbank Information Network which includes more than 300 banks. JPMorgan stated that the network and other projects based on Quorum will continue using the platform.
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We'd Love To Hear From You!

Once you let us know your requirement, our technical expert will schedule a call and discuss your idea in detail.All information will be kept confidential.

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