Recently, there has been a shocking piece of news in the financial world. A large banking group announced the adoption of Quorum, an enterprise-level permissioned blockchain based on Ethereum technology, for internal transactions. This move marks an important breakthrough for blockchain technology in the TradFi sector.

Although this system is based on Ethereum technology, it does not actually use the Ethereum public chain directly. Quorum is a private chain solution specifically designed for enterprises, capable of meeting the strict requirements of financial institutions for privacy and performance. In this system, various banks participate in the network operation as nodes without the need to pay the gas fees typically required for transactions on the public chain.

This development, although it may not directly benefit the market value of Ethereum, is undoubtedly an important step in the practical application of blockchain technology. It demonstrates the huge potential of distributed ledger technology in improving the efficiency and security of the financial system.

For investors concerned about the development of Blockchain, this is undoubtedly a positive signal. It indicates that, despite potential short-term fluctuations in the market, the long-term development prospects of Blockchain technology remain bright. However, in this rapidly evolving field, choosing investment targets requires deep industry insights and prudent judgment.

As more traditional financial institutions begin to explore and adopt blockchain technology, we may see more similar innovative applications. This will not only drive the digital transformation of the financial industry but may also have a profound impact on the entire economy.