Businesses owners are now given the opportunity to join in on the Crypto hype because Blockchain solution are being tailored to meet the needs and demands of enterprises. Enterprises have been reluctant to experiment with distributed ledger technology due to the fact that only a limited number of solutions exists that have aligned their focus on helping businesses deploy their own blockchain
It's true that previous projects have struggled to gain traction in enterprises, due to the number of problems that have been addressed when adopting 1st & 2nd generation Blockchain solutions available today. Usually, public blockchains provide little privacy and have issues surrounding scaling, this causes the majority of platforms (e.g. Ethereum) not being able to support resource extensive applications & services.
These are the two main reasons as to why Enterprises will not use existing solutions such as Bitcoin or built applications on top of Ethereum network.
What Businesses value:
-Administration & Control
Aware of this, a number of projects have dedicated themselves on helping businesses make use of DLT by essentially providing a wide range of solutions that are easy and cost effective for enterprises to implement, as the end goal is to integrate blockchain technology in their day-to-day operations. This has led to the term, Blockchain-as-a-service that would summarize how a project plans to offer a service for customers to leverage a cloud-based solution to build, host and deploy a Blockchain. The idea is to manage all the activity and provide the necessary infrastructure required by Business inter
Here a few projects that have focused on tailoring their solution to meet the demands of large-scale enterprises:
Hyperledger – A private Blockchain consortium that aims to help enterprises launch their own private blockchains. Due to the sheer size of this collaborative-research, Hyperledger plans to become a leading Blockchain-as-a-service provider in the space by essentially getting some of the biggest companies to come together to deploy private blockchains
Aergo – This project proclaims itself to offer a 4th generation blockchain solution that allows Enterprises to deploy a private, public or mix of both. Unlike the majority of solution available today, Aergo emphasizes that its platform allows businesses to deploy a Hybrid blockchain
Neblio – An open-source and decentralized Blockchain network, that emphasizes on helping enterprises develop DApps using a mature infrastructure that is backed by a decentralized permissionless network
ICON – The project that aims to work with Enterprises, Businesses and Institutions. Having formed a foundation, ICON aims to provide the necessary support needed for businesses to launch their own services using DLT
Stratis – Backed by Microsoft, Stratis is built on top Ethereum however it was created using C# programming language. The project plans to help enterprises launch their own private blockchain that essentially require extensive resources to deploy
Corda – Backed by the Consortium R3, Corda is meant to provide a private solution for business to deploy their own private blockchain. Similar to Hyperledger, the consortium is getting enterprises to commit to collaborative research-sharing
Qtum, Chainlink, EOS, NEO, Cardano, Stellar, Fleta, IOTA, Vechain, Tezos & Zilliqa
As time passes and demand skyrockets, there will be more projects out there that will align their focus on helping Enterprises make use of DLT. Businesses are now only realizing the potential implications that Blockchain has to offer for various industries