What is a 'enterprise blockchain'?

May 29-31, 2024 - Austin, Texas The biggest and most established global hub for everything crypto, blockchain and Web3. Register Now An "enterprise blockchain" is a type of permissioned blockchain that can be used to streamline business processes at scale, such as track supply chain goods or settle global payments.

How is enterprise blockchain different from other blockchains?

If you are wondering how it is different from other Blockchains, please note that unlike permissionless ones that exist outside the control of anyone company or government and are resistant to censorship, enterprise blockchains are permissioned ones, meaning companies have direct control over them.

What are the characteristics of Enterprise blockchains?

Some of the main characteristics of enterprise blockchains include: Accountability: Each node in the network – which each holds a copy of the transaction history – is known and can be held accountable for its actions. For example, often enterprise blockchains are shared by a few companies or financial entities in a cooperative format.