Blockchain has an enormous potential to be implemented in all areas of our lives, effectively improving a series of long-existing processes. Since its introduction in 2008, blockchain technology has been used in all types of companies, from global corporations to middle-sized businesses, which are now getting more and more opportunities in creating ready-made tools and solutions based on blockchain. So which blockchain systems can be used for enterprise solutions and what are their most famous use cases? Let’s dive in and find out!
1. Ethereum / Quorum
While Ethereum is one of the biggest enterprise-ready public blockchains, it also allows implementation of permissioned blockchains on top of it. One of the most famous use cases – J.P. Morgan’s Quorum, where Proof of Work is replaced with two alternatives, Raft and Istanbul BFT. Both of them are very efficient in terms of consortium blockchains and provide transaction finality, also giving its users authentication for nodes and private transactions between participants.
The strongest point of Quorum is its connection with Ethereum and its large support of developer and user tools. Additionally, Ethereum is built as an open-source platform that allows developers to build their own decentralized apps, also known as “Dapps.” Considering the powerful backers within the Enterprise Ethereum Alliance and the recent release of EEA Specification 1.0, the enterprise-ready Ethereum solutions are a space to watch in the future.
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