What is Enterprise Blockchain?
Let's find out Enterprise Blockchain meaning, definition in crypto, what is Enterprise Blockchain, and all other detailed facts.
Enterprise Blockchain is a term used to describe a blockchain that's based on distributed ledger technology (DLT) whose main purpose is to increase the efficiency of a company or business.
As we’re moving more and more aspects of our life into the digital world, it’s becoming especially important for modern businesses to consider how they will cross the divide between the physical and digital world as well. Blockchains are considered to be one of the solutions to this issue.
Companies that utilize blockchain distributed ledger technology will efficiently deal with issues that come from data silos and face minimal problems when scaling.
Blockchains are entirely transparent and offer the tools needed for managing and controlling digital assets such as digitalization, tokenization, or programmatic trade systems.
An enterprise blockchain can be either public or private. However, a private blockchain network is the most popular choice among most businesses. The main reasons behind this choice are the features that public blockchain networks are not able to provide such as:
- Enhanced privacy;
- Low transaction fees;
- Consistent transaction speeds.
In essence, any organization is able to implement the blockchain network into their system, however, not every organization will be able to maximize its gains. For instance, companies that deal with large amounts of data will receive greater benefits than small institutions that mostly operate offline.
While public blockchain environments may not be suitable for a business that deals with a high volume of transactions, they offer token protocols as well as decentralized applications (DApps).
Unencrypted information is usually known as plaintext since it is plainly available and legible. The encrypted text is referred to as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-ciphertext/">ciphertext. This process does not just entail information in text format, almost any digital information can be encrypted.<\/p>\n<p>The code can be created using alphanumeric symbols or other special characters. The <strong>information encrypted with the code cannot be read or decrypted <\/strong>without using special equipment.<\/p>\n<p>Encrypted data appears as completely scrambled and randomized data which can only be accessed by parties that have been authorized to view the information. <strong>Authorized parties<\/strong> must hold a cryptographic key to decrypt and access the data. The cryptographic key acts as a set of mathematical values that must match between the sender and the recipient.<\/p>\n<p>If the plaintext reads “Blockchain technology”, the encrypted ciphertext may look like FHHI435SDFGH09HO. There is no direct link between the plaintext and the ciphertext that could hint at its context, thus making it <strong>incomprehensible to unauthorized parties<\/strong>.<\/p>\n<p>There are different encryption methods that vary in their level of complexity and security. Typically, the highly secure encryptions use reinforced keys. Such keys are <strong>nearly impossible to break<\/strong> into even by employing brute force methods, where a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-are-bots/">bot is used to <strong>guess the key values<\/strong>.<\/p>\n<p>Since cryptography plays a crucial role in blockchain technology, most <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies employ encryption on some level, usually to protect the password <strong>of the<\/strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-key-secret-key/">private key<\/strong><\/a>.<\/p>","definition":"a method of securing information by turning it into code.","status":"published","meta_title":"What is Encryption? Definition & Meaning | Crypto Wiki","meta_description":"Encryption meaning: Encryption - a method of securing information by turning it into code.","meta_keywords":null}" :model="{"id":862,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Blockchain","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2023-12-01T03:50:04.000000Z","slug":"what-is-enterprise-blockchain","title":"What is Enterprise Blockchain?","section":"E","keyword":"Enterprise Blockchain","content":"<p><strong>Enterprise Blockchain<\/strong> is a term used to describe <strong>a blockchain that's based on <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger-technology-dlt/">distributed ledger technology (DLT)<\/a> whose main purpose is to increase the efficiency of a company or business<\/strong>.<\/p>\n<p>As we’re moving more and more aspects of our life into the digital world, it’s becoming especially important for modern businesses to consider how they will cross the divide between the physical and digital world as well. Blockchains are considered to be one of the solutions to this issue. <\/p>\n<p>Companies that utilize blockchain distributed ledger technology will efficiently deal with issues that come from data silos and face minimal problems when scaling.<\/p>\n<p>Blockchains are entirely transparent and offer the tools needed for managing and controlling digital assets such as digitalization, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-tokenize/">tokenization, or programmatic trade systems.<\/p>\n<p>An enterprise blockchain can be either public or private. However, a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-blockchain/">private blockchain<\/strong><\/a> network is the most popular choice among most businesses. The main reasons behind this choice are the features that <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-public-blockchain/">public blockchain<\/strong><\/a> networks are not able to provide such as:<\/p>\n<ul>\n<li>Enhanced privacy;<\/li>\n<li>Low <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-transaction-fee/">transaction fees<\/strong><\/a>;<\/li>\n<li>Consistent transaction speeds.<\/li>\n<\/ul>\n<p>In essence, any organization is able to implement the blockchain network into their system, however, not every organization will be able to maximize its gains. For instance, companies that deal with large amounts of data will receive greater benefits than small institutions that mostly operate offline. <\/p>\n<p>While public blockchain environments may not be suitable for a business that deals with a high volume of transactions, they offer token protocols as well as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-are-decentralized-applications-dapps/">decentralized applications (DApps)<\/strong><\/a>.<\/p>","definition":"is a type of permissioned blockchain that\u2019s designed for the specific needs of a business.","status":"published","meta_title":"What is Enterprise Blockchain? Definition & Meaning | Crypto Wiki","meta_description":"Enterprise Blockchain meaning: Enterprise Blockchain - is a type of permissioned blockchain that\u2019s designed for the specific needs of a business.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? 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Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: 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Techniques","status":"published","modified_content":null},{"chapter_id":6,"order":12,"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","status":"published","modified_content":null},{"chapter_id":6,"order":13,"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","status":"published","modified_content":null},{"chapter_id":6,"order":14,"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","status":"published","modified_content":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-trading.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-trading-101.jpg","rating":80,"sections":[{"chapter_id":7,"order":1,"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration 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Mining?","status":"published","modified_content":null},{"chapter_id":9,"order":3,"slug":"what-is-staking-crypto","title":"An Advanced Look into What is Staking Crypto","status":"published","modified_content":null},{"chapter_id":9,"order":4,"slug":"what-is-proof-of-stake-vs-proof-of-work","title":"Proof-of-Work VS Proof-of-Stake: The Differences That Matter","status":"published","modified_content":null},{"chapter_id":9,"order":5,"slug":"what-is-crypto-mining-rig","title":"Crypto Mining Rig: What It is and How to Build One?","status":"published","modified_content":null}]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/crypto-101-glossary.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}]" current-chapter="E" current-section="what-is-enterprise-blockchain">