Quorum Blockchain Development - ICO App Factory

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.


Quorum blockchain development services:
Quorum Blockchain Development
Quorum is an enterprise Blockchain that leverages Ethereum's smart contract and other transactional capabilities. We build scalable dApps and blockchain powered solutions that take advantage of Quorum's capabilities.
Permissioned Blockchain development
Permissioned blockchain development for enterprises focuses on creating a new generation of Highly secure blockchain powered platforms that limit access to those who are approved.
Supply chain Management development
Quorum Blockchain powered Supply Chain Management development involves developing a platform that tracks every stage of manufacturing to maintain quality, save cost & time.
Cross-Border Payments development
Cross-border payments platform enables transferring money across the world with Zero to low-cost transaction fees. Developing a platform on Quorum Blockchain enhances privacy and faster transactions.
Advantages of Quorum Blockchain


Speed of Settlement
Quorum offers faster transaction settlements compared to Ethereum and Bitcoin. Making it a preferred platform to build any Fintech product over it.
Privacy by Design
Enhanced privacy is a key feature of Quorum blockchain and dApps built over it can take advantage of the privacy it offers for the smart contracts and transactions done on the platform.
Scalability
Quorum blockchain development of dApps involves a modular approach and each component on the Quorum blockchain is built to scale. As and when Quorum is updated, your dApps can be easily updated to take advantage of the latest features it has to offer.
Peer permission management
Peer permission management is an inbuilt feature of the blockchain and is easily invoked to create a permissioned network access capability to your dApp. Ensuring only trusted nodes have access to the network.
High Performance
Quorum is capable of handling settlements as close to 100 confirmed transactions/second. As more and more improvements are made to the blockchain, the transaction rates are expected to increase.
Multiple Consensus mechanism
Quorum Blockchain introduces two new consensus mechanisms Istanbul BFT and Raft mechanism, instead of the regular, well-known Proof of stake and Proof of work mechanisms.
Applications of Quorum Blockchain Development:
eGovernance:
EGovernance facilitates access to a variety of government services that the public can avail, check data and claim benefits through these services. Giving citizens access to crucial public data from different government department builds trust between the government and the citizens, which is essential to the country's growth. Leveraging Quorum Blockchain's immutability and privacy features
Healthcare:
The secure Datalayer built over the Quorum blockchain can offer storage and access to eMedical Health Record and nationwide interoperability through an interoperable node between different blockchains. Quorum's permissioned network feature could limit access to only known entities that are on it's access list thereby taking care of data security.
Banking:
Banking is one of the mission-critical use cases where hefty transactions need to go through within a short span of time than days. Traditionally, it would take days for cross-border payments, but Quorum's high-speed transaction settlement capability can ensure that payments are settled quickly with low transaction fees. Innovations in banking technology and cross border payment systems can allow global travelers to use funds from their account to seamlessly convert to the local currency of the country they are visiting.
Asset Tokenization & Management:
Tokenized assets are the next big thing. In fact, Quorum was built by the bank JP Morgan to tokenize Gold bars. Ranging from real estate to liquidated assets, tokenizing of assets increases the revenue potential by opening up investment opportunity to billions of buyers worldwide who can invest in the asset free from regulatory and geographical barriers.
Loyalty:
Loyalty program is a key growth factor for some businesses that look for repeat customers who can be incentivized for being a regular. Loyalty programs give a deep sense of brand engagement. Based on Quorum blockchain's tokenized asset offering can help businesses create tokens that would be used to reward users. These tokens can increase in value depending on their utility and acceptance across different platforms. Our expert developers create tailored loyalty program software that harnesses Quorum blockchain's capabilities to offer a seamless experience to your customers.
Key Factors in Quorum Blockchain Development
Ease of use
Emphasize is on the ease of use as the dApp's flow developed needs to be quickly understood by the end user and it is critical to make the platform stand out.
Robust Architecture
While developing the quorum blockchain powered architecture for your business software, keeping in mind that newer features would be built in the future, our robust API layer would allow you to build features easily.
Convenience
While developing products for consumers, detail-oriented design and adequate on-screen help are sufficiently provided so the users don't get stuck.
Security
While Quorum blockchain's security is inbuilt, the dApp layer we build would be tested from threats that are well-known and information leakage. Security is a key aspect of our blockchain development.
Scalability
Scalable infrastructure enhances the site's experience. A key emphasize during the Quorum blockchain development would be to make the entire payment infrastructure scalable and modular in order to make future upgrades possible.


Thanks for watching our content, to know more about our services. Kindly Visit our Website:
ICO App Factory
101, Kumaran Colony 3rd street,
Vadapalani, Chennai-600026
https://www.icoappfactory.com/
icoappfactory@gmail.com
+91-7397224461

Comments

Post a Comment

Popular posts from this blog

Launch ICO Bitcoin MLM Software Using ERC Token Development Services

Image
Ethereum based tokens which can be bought, sold, or traded, have become the backbone of Ethereum ecosystem, innovative companies use them as internal currencies within their ecosystem. ERC stands for Ethereum Request for Comment. Every open source community needs a proposal request-approval system to accept revolutionary changes put forward by its users and improve itself. ERCs serve this purpose for Ethereum, they include some technical guidelines elaborating suggestions about development of the Ethereum network . ERC 20 is the most well-known among all the standards present within the entire crypto community, and most tokens issued on top of the Ethereum platform use it. Helping developers to accurately predict how new tokens will function within the larger Ethereum system. 6 Types Of ERC Token Standards ERC-20 This is the most well-known and commonly used standard among all the other token standards. Almost all the ICO Development so far have issued their toke...
Read more

Bitcoin MLM Software Services Works Using Blockchain Technology

Image
ICO App Factory helps businesses build complete ICO / Blockchain solutions starting from Requirement Gathering to Pilot and Final Implementation of the desired ICO / blockchain application. Concept & Projects : You know your Concept better than us and with your help we understand the specific blockchain technology and crowd funds points of your project. White Paper: We brainstorm together on each of the points and based on your need go back to our drawing board called white board. Propose A Landing Page Design: We propose a multiple design to select our landing page that shows all our project details and road maps. Write Smart Contract: It’s just nothing but our contract address with the investors, we are using ERC token for MLM smart contracts . Dash Board: The prototype blockchain solution continuously evolves based on your feedback. SEO / SEM / PR Services: Once you are completely satisfied we do a full scale implementation of the bloc...
Read more

ICO Blockchain Development Company in chennai

Image
Maximum Security. ICO security . As veterans of crypto-exchange software development, we understand the importance of security. Our software's multi-layered security system provides our exchange partners the strongest protection at all times. That same system is implemented in our ICO crowdfunding infrastructure. We provide an all-inclusive development support for ICO. From conceptual token design and ICO smart contracts to website deployment and maintenance of infrastructure for your ICO campaign. Our ICO solution providers? With our software development services, it's easy to launch an ICO campaign for your innovative idea. We also do Blockchain software and ICO Solution, Blockchain Mob specializes in custom blockchain-based software development Services , Smart Contracts. The best and most efficient ICO software can't created by all. Only highly experienced developers like us can build an ICO software with error-free efficiency. With full...
Read more