QUORUM-CONSENSYS

Quorum Consensys Web3 / blockchain enterprise platform.

Definition

Quorum (ConsenSys-acquired ~2020 from JPMorgan original creator 2016) is an enterprise permissioned Ethereum-based blockchain platform focus on privacy + performance enterprise use cases, originally developed JPMorgan ~2016 fork of Geth + private transactions via Tessera + various consensus options (Istanbul Byzantine Fault Tolerance IBFT + QBFT + Raft + Clique POA), donated to ConsenSys August 2020 + actively maintained ConsenSys Quorum portfolio. Platform + technical architecture consensus mechanism + smart contract language + tokenomics + ecosystem developers + dApps + DeFi + NFTs + RWA tokenization + enterprise pilots + production deployments + governance + regulation + interoperability + bridges + scalability + cybersecurity + sustainability + multiple use cases industries banking + supply chain + healthcare + gaming + identity + multiple emerging Web3 ecosystem 2020s+.

Origin

Quorum originally developed JPMorgan 2016 ; donated ConsenSys aout 2020 ; ConsenSys Quorum active maintenance + enterprise deployments.

Example in context

JPMorgan Onyx Coin Systems uses Quorum-derived JPM Coin platform: permissioned blockchain enables institutional clients moving USD between JPMorgan accounts instantly 24/7 ; ~$1B daily JPM Coin volumes processed 2023 ; Onyx Digital Assets platform tokenises ~$300B+ collateral assets enabling intra-day repo + collateral mobilisation institutional clients.

Related terms

• Hyperledger Fabric v2 — alternative permissioned blockchain.