Specialists in Financial Applications on Blockchain

Quorum is a step towards mass adoption of blockchain among financial industries. 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.

There are three main components on the Quorum Network we develop for you:

Quorum Node - Modified Go-Ethereum Client

Quorum Node
Modified Go-Ethereum Client

Quorum Node - Modified Go-Ethereum Client

Constellation
Transaction Manager

Quorum Node - Modified Go-Ethereum Client

Constellation
 Enclave

How Quorum Works?

Party A

1
Transaction Transaction
+
Symmetric Key Symmetric Key
=
Symmetric Key Encrypted
Transaction
2
Transaction Encrypted
Transaction
+
Symmetric Key
=
Symmetric Key Hash
(Stored On Chain)
3
Transaction Symmetric Key
+
Symmetric Key Party B
Public key
=
Symmetric Key Encrypted
Symmetric Key

Party B

4
Transaction Encrypted Transaction
+
Symmetric Key Encrypted Symmetric Key
=
Symmetric Key Hash(Stored On Chain)
5
Transaction Encrypted Symmetric Key
+
Symmetric Key Party B Private key
=
Symmetric Key Symmetric Key
6
Transaction Encrypted Transaction
+
Symmetric Key Symmetric Key
=
Symmetric Key Transaction

Advantages of Quorum Blockchain

Privacy

We can develop private transactions and private contracts on  Quorum Blockchain through public/private state separation. We use Constellation, a P2P encrypted message exchange from private data to network participants.

Alternative Consensus Mechanisms 

Instead of POW or POS, we offer various consensus protocol on Quorum. Raft-based Consensus  model for faster blocktimes, transaction finality, and on-demand block creation Istanbul BFT consensus algorithm with transaction finality.

Peer Permissioning

The  node uses peer permissioning with the use of smart contracts, ensuring only authorized parties can join the blockchain network. The peer to peer layer is modified to allow connections from & to permissioned/authorized nodes.

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Use Case of Quorum Blockchain

We develop Quorum Solutions for a variety of private/permissioned applications for the financial industry. Our team of adept blockchain enthusiasts and quorum experts have developed solutions for the following applications.

  • Asset Tokenization Platform
  • Stablecoin Development
  • Custodial Services
  • Secret Ballot Voting
  • Quorum DApps
  • Government Welfare Solutions
  • P2P digital asset exchange
  • Data Integrity Compliance
  • Inter-bank Settlement Layer
  • Issuance of Loyalty Points
Advantages of Quorum Blockchain
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