Finally, the application of blockchain into the enterprise world has arrived.
The distributed ledger technology has been used in the last 10-years mostly for payment projects and token/coin development. But now, traditional business’ are starting to understand the benefits of this incredible network.
But different from the blockchain platforms we know, such as Bitcoin and Ethereum, Enterprise Blockchains are not public. That is, within a public blockchain everyone can have access to it and we don’t know who the actors involved are.
So, the distributed ledger chain for enterprise is private or permissioned. The access to the system is restricted and only approved participants can be in the network. This particularity actually makes the transactions validations more efficient.
A blockchain based software for business can also enhance security, transparency for transactions and data sharing and avoid frauds. All of this, of course, increase customer’s trust and loyalty.
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