Galileo Platforms is building a major blockchain application that aims at replacing policy administration systems in the Asian market. There’s a separate
article covering the business. CIO Mark Wales spoke about their technical approach:
The choice of Ethereum or Quorum versus Hyperledger is always an interesting one. We’ve got a lot built. The insurance model for retail insurance is a big build. These are big legacy systems that we’re looking to challenge, quite honestly.
We started coding almost 18 months ago. And at that time, Quorum didn’t exist. We were coding on native Ethereum. But we felt that someone would solve the encryption and consensus problems that we needed to solve. And we were right. Thank you, JP Morgan, for doing so.
Ethereum Robustness
So our judgment on that firstly was really good. But at that time, Hyperledger wasn’t even in beta. It was still a long way off getting to that particular point. As was R3 – that was still very early days for them. So part of that decision was, this was the robust blockchain – and it remains it today.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
