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Enterprise blockchain typically uses permissioned blockchain platforms for their networks. There are three main differences between a permissioned vs. permissionless blockchain (e.g., Bitcoin and Ethereum): (1) permissioned blockchain is a private network that requires a membership to participate in the network, (2) participants in the permissioned blockchain could track any historical transaction and involved parties with identifiable information, and (3) the transactions in the permissioned blockchain are endorsed by a consortium which has to be accountable for their endorsements.

Part 1: Current State of Enterprise Blockchain Adoption

In this blog post, I mainly highlight the findings from the “2019 Cambridge 2nd Global Enterprise Blockchain Benchmarking Study.” The report shows that Hyperledger suite (with Fabric as the flagship protocol) is the most frequently supported protocol framework by integrators and software development platforms (55%), followed by Corda (15%), MultiChain (10%), Quorum (6%), and Steller (3%), and others (11%). The selection criteria of core protocol framework included: vendor maturity (52%), performance and scalability (44%), use case fit (24%), privacy and confidentiality (24%), security (20%), unique features (16%), interoperability and extensibility (16%), cost factors (12%), open-source (8%), and other (8%). …

About

Teck Ming (Terence) Tan

Dr. Teck Ming (Terence) Tan is an Assistant Professor at the Oulu Business School (AACSB accredited), Finland. He is currently doing research on blockchain.

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