Cilantro Enterprise Edition— Q&A
With the recent push to develop Cilantro Enterprise Edition (CEE), we wanted to take a moment to expand on our latest vision for CEE.
We spent some time with our CEO Stuart Farmer to answer your burning questions and give you an inside look at Stu’s latest thoughts on our strategy and goals surrounding CEE.
Check out A Complete Overview of the Lamden Suite for our full vision.
Without further ado, here’s the Q&A:
1. What is Cilantro Enterprise and who is it for?
Stu: Cilantro Enterprise Edition is a refined version of the Cilantro public network for organizations and professional clients who either want to run their own consortium, provide blockchain services to their clients, or participate in a preexisting Cilantro Enterprise Edition network.
2. What technological advantages and capabilities does this offer to businesses?
Stu: We’ve streamlined the network architecture. Because enterprises all exist in a somewhat trusted situation, we were able to remove some of the features that are required for a truly trustless environment such as voting, native token for paying for transactions, etc. This allows for higher performance while still offering a cryptographically secure blockchain.
3. What are some example use-cases?
Stu: One example use case could be a consortium of investment banks and private equity firms that want to trade primary offerings of startups and secondary shares of those companies that are usually only liquid in an IPO event.
This allows them to exchange tokenized shares in a secure and transparent environment.
4. How does it differ from the Cilantro main chain? How will it tie into the Cilantro Mainnet?
Stu: The message protocol does not differ, but the mechanisms of the nodes does. CEE nets will interact with the main chain via an atomic swap protocol. For example, a bank could offer a stable coin and set up an atomic exchange house on the public chain to always accept their USD tokens coming in and credit those tokens automatically inside of their own network. This would allow a bank to take advantage of the public chain without the hassle of hosting a public chain node or needing to be compliant with the activities of the public chain.
5. How will it work? What are its capabilities compared to other enterprise blockchain technologies?
Stu: Cilantro Enterprise Edition is just a modified version of Cilantro Public Edition (CPE), so it works exactly the same way. It leverages all of the things that make CPE great such as Seneca smart contracts, quick DPoS consensus, etc.
These advantages are not available in Hyperledger or R3. Similarly, Hyperledger is not a truly decentralized product as there must always be a single coordinator node. R3 requires special Intel hardware enclaves to operate, which limits the application space. CEE is more true to ‘classic’ decentralized blockchain systems and can access application spaces that the current enterprise blockchain tech cannot.
6. Who will have access to it? Will it be monetized? What are the costs involved?
Stu: CEE will be licensed to our clients on a per use-case basis. It will be a primary source of revenue for the organization. We will be modeling Red Hat Linux who were able to monetize their technology while retaining an open source public version. Specific costs will depend on the scope of each individual use-case.
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