Allfunds and ConsenSys have collaborated to commercialise Quorum Subscription with Allfunds Privacy, a new commercial offering that makes it possible for enterprises to leverage the privacy features developed for the Allfunds Blockchain platform.
Quorum Subscription with Allfunds Privacy is a new commercial private transaction management solution that expands the permissions and privacy features of the Quorum suite, while additionally providing a new privacy model.
It is based on patented technology created by Allfunds Blockchain, which is from now on maintained and commercially supported by ConsenSys.
According to ConsenSys, Quorum Subscription with Allfunds Privacy solves major concerns about data governance in blockchain ecosystems. Allfunds Blockchain is currently collaborating with industry participants to be fully prepared for a non-paper-driven industry.
Selected consulting firms, as well as technology and blockchain companies, have been testing alpha versions of the solution to understanding the possibilities created by this new privacy approach, which contributes to the development of the Enterprise Ethereum ecosystem.
Enterprise Ethereum refers to a defined set of guidelines and technical specifications to accelerate the adoption of blockchain technology among enterprises. The specifications provide businesses with the ability to leverage both Ethereum-based private chains and the public mainnet.
Rubén Nieto, managing director of Allfunds Blockchain, says: “The most important thing in a blockchain initiative is clearly the technology, and having a leading firm in ConsenSys when commercialising our technology beyond the fund industry is the best example to demonstrate how robust our value proposition is.”
Nieto continues: “Helping to solve the main data governance challenges in blockchain networks with this new privacy approach, contributes to the continued development of the Enterprise Ethereum ecosystem.”
Madeline Murray, product lead at Consensys Quorum, comments: “Our partnership with Allfunds will further facilitate global blockchain adoption for the industry and enrich the ecosystem with technical innovations suitable for advanced privacy use cases.”
“Privacy is a core element of the ConsenSys Quorum stack and collaborating with industry stakeholders will help produce the most sophisticated blockchain architecture for our partners,” adds Murray.
