Quorum Development
The Blockchain for the Financial Industry
Specialists in Financial Applications on Blockchain
Quorum Development is a step toward widespread blockchain usage in the banking sector. Quorum is an ethereum-based permissioned blockchain network aimed at businesses and specifically developed for the financial sector. Quorum Blockchain is designed to facilitate the exchange and replication of data, which is a typical requirement in the financial industry. This is a layer on top of Ethereum that allows for reliable private transaction performance using various consensus algorithms. The Quorum protocol outperforms the Go-ethereum(Geth) protocol in terms of performance.
On the Quorum Network we build for you, there are three key components:
Quorum Node Modified Go-Ethereum Client
Constellation Transaction Manager
Constellation Enclave
How Quorum Works?
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Privacy
Through the public/private state separation on Quorumn Blockchain, we may create private transactions and private contracts. We employ Constellation, a peer-to-peer (P2P) system that sends encrypted messages from private data to network participants.
Alternative Consensus Mechanisms
Instead of POW or POS, Quorum provides a variety of consensus protocols. Istanbul BFT consensus algorithm with transaction finality for faster blocktimes, transaction finality, and on-demand block creation Raft-based Consensus model for faster blocktimes, transaction finality, and on-demand block creation
Peers Permissioning
Peer permissioning and smart contracts are used by the node to ensure that only authorised parties can join the blockchain network. Connections from and to permissioned/authorized nodes are now allowed through the peer-to-peer layer.
Use Case of Quorum Development
For the financial industry, we develop Quorum Solutions for a variety of private/permission applications. Our quorum specialists and blockchain enthusiasts have created solutions for the following applications.
- A platform for Asset Tokenization
- Development of Stablecoins
- Services of Custody
- Voting via secret ballot
- DApps with a Quorum
- Solutions for Government Welfare
- Exchange of digital assets on a peer-to-peer basis
- Compliance with Data Integrity
- The layer of Interbank Settlement
- Loyalty Points are given out.
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Projects In Progress
50+
Blockchain Experience
4+ Years
Blockchain Experts
80%
Projects Completed
150
Team
300+
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