Assets, Ethereum

What Is Quorum Ethereum?

Quorum Ethereum is a permissioned, private version of the Ethereum blockchain. It is an enterprise-focused platform that enables businesses to build decentralized applications that are more scalable, private, and secure.

Quorum was developed by JPMorgan Chase and is now an open-source project. The platform is based on the Ethereum blockchain and utilizes a permissioned model for access control.

This means that only approved participants can access the network and view transactions.

Quorum supports both transaction privacy and data confidentiality. Transactions on the network are not visible to unauthorized users.

Additionally, Quorum provides mechanisms for restricting access to data stored on the blockchain.

The Quorum platform is well suited for applications that require high scalability and security. Decentralized applications built on Quorum can be used for a variety of purposes, such as supply chain management, financial settlements, and identity verification.

The Quorum platform has already been successfully used by a number of large enterprises, including Microsoft, Samsung, and ING.

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