Quorum is permissioned blockchain platform based on ethereum focussed on enterprises and specifically designed for the financial sector. Quorum Blockchain is built for the sharing and replication of data that is the common need for a financial enterprise. This is a layer on top of Ethereum enabling robust performance of private transactions with different consensus algorithms. The Quorum has increased performance than public Go-ethereum (Geth) protocol.
Quorum blockchain development services:
Quorum Blockchain Development
Quorum is an enterprise Blockchain that leverages Ethereum's smart contract and other transactional capabilities. We build scalable dApps and blockchain powered solutions that take advantage of Quorum's capabilities.
Permissioned Blockchain development
Permissioned blockchain development for enterprises focuses on creating a new generation of Highly secure blockchain powered platforms that limit access to those who are approved.
Supply chain Management development
Quorum Blockchain powered Supply Chain Management development involves developing a platform that tracks every stage of manufacturing to maintain quality, save cost & time.
Cross-Border Payments development
Cross-border payments platform enables transferring money across the world with Zero to low-cost transaction fees. Developing a platform on Quorum Blockchain enhances privacy and faster transactions.
Advantages of Quorum Blockchain
Speed of Settlement
Quorum offers faster transaction settlements compared to Ethereum and Bitcoin. Making it a preferred platform to build any Fintech product over it.
Privacy by Design
Enhanced privacy is a key feature of Quorum blockchain and dApps built over it can take advantage of the privacy it offers for the smart contracts and transactions done on the platform.
Quorum blockchain development of dApps involves a modular approach and each component on the Quorum blockchain is built to scale. As and when Quorum is updated, your dApps can be easily updated to take advantage of the latest features it has to offer.
Peer permission management
Peer permission management is an inbuilt feature of the blockchain and is easily invoked to create a permissioned network access capability to your dApp. Ensuring only trusted nodes have access to the network.
Quorum is capable of handling settlements as close to 100 confirmed transactions/second. As more and more improvements are made to the blockchain, the transaction rates are expected to increase.
Multiple Consensus mechanism
Quorum Blockchain introduces two new consensus mechanisms Istanbul BFT and Raft mechanism, instead of the regular, well-known Proof of stake and Proof of work mechanisms.
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