Enterprise blockchain is the use of distributed ledger technology for non-speculative business purposes. Tailored for the needs of enterprises, these chains may be private or public.
What Is an Enterprise Blockchain?
Blockchain technology has a lot to offer modern businesses, especially in consortiums or collaborative industries. Distributed ledgers reduce the vulnerabilities and costs from data silos, and are inherently secure, offering a level of protection that other digital systems can’t match. At the same time, blockchains are easily auditable, keeping companies compliant and transparent. This transparency and record-keeping also help management monitor data flow.
Finally, enterprises can also make use of all the other benefits that come with blockchains, such as access to digitalization/tokenization tools, digital asset management, and programmatic barter systems. As business becomes increasingly global and digital, blockchain can help companies safely and efficiently scale and cross the physical/digital divide.
Johannes Schweifer is the CEO of CoreLedger, a company empowering businesses of all sizes to access the benefits of blockchain technology. Schweifer co-founded several blockchain start-ups, including Bitcoin Suisse. He’s a passionate problem-solver, holding a master’s degree in Chemistry and a Ph.D. in distributed computing and quantum chemistry.