Enterprise Blockchains

Blockchain technology offers many new possibilities, especially for new ICT solutions in organizations. For example, improvements in security, transaction processing and operating costs could be achieved [1]. Enterprise Blockchains are special Blockchain Frameworks, which are adapted to the needs of companies and facilitate the development of new applications. The most important features here are confidentiality, access, and control.

 

The most popular platforms are the following [2]:

  • Ethereum was built as a network to create smart contracts on an open source platform

  • Bitcoin does not offer smart contracts, but is suitable as a cryptocurrency for companies and as a value storage

  • IOTA was developed to enable application with the Internet of Things (IoT)

  • Qtum combines the security of Bitcoin and the capabilities of Ethereum for smart contracts

  • Hyperledger is in contrast to the other providers a Private Blockchain

  • NEO is a smart contract platform based on the Proof-of-Stake mechanism

  • Ripple is actually a cryptocurrency, but it is controlled by a company and therefore not completely decentralized

  • EOS is a smart contract platform that can create new blocks very quickly

  • Corda is a DLT platform, which uses the need-to-know principle instead of a distributed ledger

[1] Beyer, S. (2018): Enterprise Blockchain Platforms — A Comparison

[2] Mark van Rijmenam, M. (2019): The Top 11 Blockchains for Enterprise Organisations, and Why

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Begriff im Definitionsnetz

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