Are you one of those who have been following Blockchain for quite some time? If yes, you may have got an idea that this emerging technology has been making strong strides across a host of business domains and industry verticals. Not to mention, this popular technology has wide use-cases and distributed ledger is one of them. Distributed Ledger Technology, in short DLT, is used by businesses to digitize a wide gamut of operations such as supply chain, trade, finance, etc. Today, in this informative piece, we will draw a detailed comparison between the two popular Distributed Ledger Technologies, namely Quorum and Hyperledger. Let’s dig deeper.

What is Quorum?

Quorum is a smart contract and Distributed Ledger Platform engineered for enterprise-focused Blockchain applications. Built on top of Ethereum, this brainchild of J.P. Morgan allows businesses to leverage Blockchain without exposing their data publicly to all of the users. In other words, Quorum is a private (permissioned) Blockchain network unlike Ethereum, which is permissionless and open to all of the users. From this, one can easily draw an inference that Quorum Blockchain development is a Distributed Ledger, however, you can’t call it a decentralized network. The reason being is that it prevents all except authorized parties, hence, node operators are well-known and it does not make use of decentralized consensus mechanisms that include proof-of-stake or proof-of-work.

Some of the key benefits of Quorum:

• Unparalleled performance: When it comes to delivering performance, Quorum offers blazing fast transaction speed and can process over 100 transactions every second, which is significantly much higher than that of Ethereum and Bitcoin.
• Complete privacy: It employs a constellation, which is an end-to-end encrypted message exchange for moving private data to known participants in a network. Not to mention, it supports both private contracts and private transactions.
• Consensus algorithm: Instead of using decentralized algorithms such as proof-of-stake or proof-of-work, Quorum employs a consensus mechanism, which works on the voting process. In this voting-based mechanism, only a few nodes have the ability to vote since not all nodes are capable of voting. This becomes really helpful in transaction verification.

What is Hyperledger?

Launched by the Linux Foundation in 2015, Hyperledger is an open-source Blockchain infrastructure that is currently managed by the industry titans such as IBM, Intel, Samsung, J.P.Morgan, and SAP Ariba. According to a report, 50% of the biggest companies use Hyperledger for deploying Blockchain in their business environment. Some of the popular names in the list include Amazon, Siemens, Intel, Microsoft, Walmart, HP, and more. This open-source Blockchain project can be used as a private Blockchain, thanks to its modular approach (modularity) that allows only registered users to access the data. Besides this, businesses can leverage this infrastructure for enterprise-grade Blockchain deployments. Since Hyperledger is open-source, anyone can use it for enterprise-focused Blockchain projects for free.

Some of the key benefits of Hyperledger:

1) Boost productivity

Hyperledger employs the labor division technique for productivity enhancement. By determining every individual's strengths and weaknesses, it allows them to work in a particular field. This way, you can see a significant improvement in the productivity of your workforce since people will enjoy working on things they are good at. Besides improving productivity, it also helps in reducing the competition among peers since each individual will be working on their areas of expertise.

2) Intellectual property handling

Hyperledger acts like a Blockchain greenhouse by bringing users, developers, and vendors together under a single robust platform. In spite of being situated across the globe, they can invest their efforts towards accomplishing a common goal, which is understanding better about Blockchain and engineering enterprise-grade solutions using it. Besides this, it also takes care of intellectual property. Not to mention, Hyperledger employs Apache 2.0 license of code and Creative Commons (CC) Attribution 4.0 International license to safeguard intellectual properties. By doing so, it evades contractual agreements that are very complex in nature.

Final parting thoughts

Blockchain is one of the most promising technologies that have established a strong foothold in businesses of all sizes. Today, businesses are reaping a host of benefits by embracing this emerging technology. Hope after going through this post, your confusion between Quorum and Hyperledger has cleared and you can easily decide whether to opt for Quorum consulting services or Hyperledger consulting services.