Enterprise Blockchain

Enterprise blockchains often have an inherent boost in their ability to scale since they work with smaller networks with trust guarantees. For the same reason, enterprise blockchains are less decentralized than public blockchains, which matches their use case. Because enterprise blockchains are mostly permissioned, there are fewer potential security issues. Each architecture is designed keeping three properties—scalability, decentralization, and security in mind which further entails consideration of network architecture and choice of consensus mechanisms. The perspective and regulations on blockchain technology are developing every day; the chapter covers the most accurate snapshot of present‐day perception around the technology. This chapter aims to review all the feasible applications of blockchains, with a focus on the technical perspective of the applications.