Quorum

The use of blockchain technology in the financial sector remains the most prominent, and with great results. While blockchain has increased in prominence, it is yet to gain the confidence that conventional finance already has. Financial institutions have been slow to adopt the use of blockchain technology into their functions. This is why Quorum was developed, to aid them in their transition into blockchain.  JPMorgan developed quorum in partnership with Microsoft. The role of Microsoft in this project is to…

We usually get puzzled and confused looks from newcomers to the cryptosphere when we talk about a centralized party looking into "Blockchain Technology." Or when a consortium of banks tries to find the best solutions using blockchain to stay in the game. Assuming most newcomers count bitcoin as their gateway to cryptocurrencies, they are exposed to a lot of fancies and disruptive words like "decentralized," "open-source," "trustless," etc. The people who stay are swayed away by the hopes and dreams,…