Earlier this year, Allfunds and ConsenSys announced a partnership to combine ConsenSys Quorum with the Allfunds Funds Industry Platform in an attempt to streamline the funds distribution industry by enabling instant, reliable, secure communication among market participants.

Today the firm announced that ConsenSys will commercialize Quorum Subscription with Allfunds Privacy, a new commercial offering that makes it possible for enterprises to leverage the innovative privacy features developed for the Allfunds Blockchain platform.

The launch opens the possibility to apply the privacy enhancements beyond the original Allfunds Blockchain funds industry use case. Selected consulting firms, as well as technology and blockchain companies have been testing alpha versions of the solution to understand the possibilities created by this new privacy approach, which contributes to the continued development of the Enterprise Ethereum ecosystem.

Quorum Subscription with Allfunds Privacy is a commercial private transaction management solution that further expands the permissioning and privacy features of the Quorum suite, whilst additionally providing a new privacy model. It is based on patented technology created by Allfunds Blockchain, that is from now on maintained and commercially supported by ConsenSys.

Allfunds Blockchain, the dedicated software company focused on developing solutions not only for Allfunds and its clients, but also for the entire funds industry, has built a blockchain platform using its patented technology to transform the fund industry technologically.

 Rubén Nieto, Managing Director of Allfunds Blockchain, said: “We are very proud about this new milestone. The most important thing in a blockchain initiative is clearly the technology, and having a leading firm inConsenSys when commercializing our technology beyond the Fund Industry is the best example to demonstrate how robust our value proposition is. Helping to solve the main data governance challenges in