Enterprise Ethereum Alliance (EEA) Announces Support for PBFT consensus with Quorum Blockchain Platform

Enterprise Ethereum Alliance (EEA) Announces Support for PBFT consensus with Quorum Blockchain Platform

The Enterprise Ethereum Alliance (EEA) announced its support for the first integration of Practical Byzantine Fault Tolerant (PBFT) consensus with J.P. Morgan’s Quorum Blockchain Platform on July 5, 2017.

AMIS, a joint venture of major financial institutions in Taiwan, in a partnership with J.P Morgan, one of the world’s largest banks, performed the implementation.

Quorum, created by J.P. Morgan, is an open source enterprise blockchain platform built on the public Ethereum project that protects data in the enterprise but remains open and flexible for future integration and innovation. PBFT is the latest option added to Quorum and helps solve the challenge of maintaining truthful transactions in a blockchain’s decentralized system.

AMIS’s integration of PBFT into J.P. Morgan’s Quorum using geth’s new pluggable consensus interface serves as a great example of how EEA is enabling collaboration across enterprise and public Ethereum communities,” said Alex Batlin, global head of emerging business & technology and global blockchain lead at BNY Mellon.

EEA, established in early 2017, already has more than 100 members so far. It is the world’s most advanced enterprise and startup blockchain innovators that came together to build, promote, and broadly support Ethereum-based technology best practices, standards and reference architecture. EEA’s research and development is focused on privacy, confidentiality, scalability and security. Both AMIS and J.P. Morgan are founder members of EEA.

For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, Slack and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

ethereum #blockchain #eea #pbft #jpmorgan #amis #news

Share Tweet Send
You've successfully subscribed to EtherWorld.co
Great! Next, complete checkout for full access to EtherWorld.co
Welcome back! You've successfully signed in
Success! Your account is fully activated, you now have access to all content.