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What is Quorum Blockchain (ConsenSys)?

Crypto Terms Glossary: What is Quorum Blockchain (ConsenSys)?

The Quorum blockchain is an enterprise blockchain system built by JP Morgan and several other main contributors. The platform was purchased by ConsenSys in 2021 in a deal that still allows JP Morgan to utilize the platform through collaborative efforts. Quorum is a modified version of the Ethereum network that is specifically tailored for business applications and other services. Though the classification of the Quorum blockchain is somewhat ambiguous, it is thought to be a consortium or hybrid blockchain platform because it possesses characteristics that are both public (open) and private (closed).

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