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Commercializing Blockchain
book

Commercializing Blockchain

by Antony Welfare
July 2019
Intermediate to advanced content levelIntermediate to advanced
352 pages
8h 59m
English
Wiley
Content preview from Commercializing Blockchain

3Enterprise Blockchain

In this book, I will spend most of the time looking at Enterprise Blockchain technology. This is because the real adoption of Blockchain technology will be through large business and government organizations – organizations which process millions of transactions will be the biggest beneficiaries of Blockchain technology.

Enterprise Blockchain technology can also be known as private and permissioned Blockchain – these two further names give away some of the reasons why we have enterprise Blockchain

Enterprise Blockchain and Trust

Enterprise Blockchain is needed for the same reason as public Blockchain – the world of trust has changed and we live in a ‘trustless’ world (see earlier chapter for more on trust and Blockchain technology).

Enterprise organizations are complex and global – they span many divisions, teams, and entities internally AND they span many different external partners and organizations.

An enterprise network spans a significant number of different ‘parties’, the majority of which do not trust each other. Even inter-company is a trustless world – even though you are part of the same group company, you are still governed and incentivized by different people and leaders.

Outside the internal network, trust is extremely low – even though these organizations are your partners, you still do not fully trust them.

Characteristics of Enterprise Blockchain

There are a number of key characteristics of an enterprise Blockchain organization: ...

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Publisher Resources

ISBN: 9781119578017Purchase book