Description
Quorum is an enterprise-grade version of Ethereum developed initially by J.P. Morgan and later acquired by ConsenSys, aimed at businesses in sectors like finance and supply chain seeking blockchain solutions. It's a permissioned blockchain platform that ensures privacy and security, supporting private transactions and smart contracts. Quorum is designed for high-performance, scalable applications requiring confidential transactions and complex logic, making it suitable for a wide range of decentralized applications (dApps) in a corporate setting. It offers a hybrid setup where transactions' visibility is adjustable, thereby harmonizing the need for openness typical of public blockchains with the confidentiality demanded by businesses. This platform specifically catifies the need for high speed and throughput in processing private transactions, addressing key adoption hurdles in the financial industry and beyond within the permissioned blockchain framework.
Quorum is an enterprise-grade version of Ethereum developed initially by J.P. Morgan and later acquired by ConsenSys, aimed at businesses in sectors like finance and supply chain seeking blockchain solutions. It's a permissioned blockchain platform that ensures privacy and security, supporting private transactions and smart contracts. Quorum is designed for high-performance, scalable applications requiring confidential transactions and complex logic, making it suitable for a wide range of decentralized applications (dApps) in a corporate setting. It offers a hybrid setup where transactions' visibility is adjustable, thereby harmonizing the need for openness typical of public blockchains with the confidentiality demanded by businesses. This platform specifically catifies the need for high speed and throughput in processing private transactions, addressing key adoption hurdles in the financial industry and beyond within the permissioned blockchain framework.
