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.
Transaction
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Encrypted Transaction
SHA3-512
Hash (Stored on Chain)
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Party B - Public Key
Encrypted- Symmetric Key
Encrypted - Transaction
Encrypted- Symmetric key
Hash (Stored on Chain)
Encrypted- Symmetric key
PartyB- Private key
Symmetric Key
Encrypted Transaction
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Transaction
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.
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 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.
Quorum Solutions are developed for a range of financial applications. These solutions were developed by our team of renowned quorum experts and blockchain enthusiasts.
