Enterprise Blockchain

There are a number of big corporations that are exploring enterprise blockchains and how this modern technology can improve transparency and optimize existing business processes. For Example, Facebook (Meta), IBM, JPMorgan, Walmart, and Intel.

A major chunk of enterprise blockchains belongs to permissioned blockchains, allowing companies to have direct control over them. What does that imply? For instance, they can block transactions that do not comply with their rules, or if law enforcement asks them to do so.

This is one of the biggest differences that sets permissioned ledgers aside from public ones like the one Bitcoin is built on.

While companies aren't keen on this aspect, many have determined that they might be able to use the underlying technology to revolutionize payments and other areas of business, leveraging its characteristics such as accountability, permissioned, mutability, and scalability.

-

-

-

#Blockchain#Blockchaintechnology#Corporations#Corporate#Businesses#Enterprises#EnterpriseBlockchain#Technology#ModernTechnology#Tech#TechNews#Permissioned#Scalability