Consensys’ Quorum — Enterprise Blockchain

Quorum, initially created by JP Morgan and now led by Consensys, is a blockchain initiative that intends to merge both. Rather than a legacy banking system adopting blockchain in its purest form, Quorum is a step towards creating a blockchain ecosystem designed for the industry itself.

Blockchain is recognized as a disruptive technology. The innovative idea proposed and then created by Satoshi Nakamoto has fundamentally changed how finances work. The battle between traditional banking methods and blockchain is in full swing, with big names on both sides claiming that their way is much better than the other.

Quorum, initially created by JP Morgan and now led by Consensys, is a blockchain initiative that intends to merge both. Rather than a legacy banking system adopting blockchain in its purest form, Quorum is a step towards creating a blockchain ecosystem designed for the industry itself.

Enterprise Blockchain

Before going into what is Quorum, there must be clarity on why the need for Quorum has arisen. One of the features of permissionless blockchains is their transparency and open nature. Anyone can join a…