PRIVATE, CONSORTIUM, AND HYBRID SOLUTIONS
Innovation and longevity is ensured by the fact that Ethereum is one of the largest and most established Blockchain development ecosystems. The majority of people think of Ethereum for the public blockchain network that has upwards of 8600 nodes. While this is true, the same codebase can also be leveraged to create a custom permissioned version where businesses can form private and consortium networks that may also connect to the public Ethereum network. Organizations from a wide range of industries have built enterprise-production-ready applications on Enterprise Ethereum to realize benefits in the areas of lowering business costs, improving throughput, and providing private transactions.
LETS DISCUSS IF ENTERPRISE ETHEREUM IS RIGHT FOR YOUR BLOCKCHAIN SOLUTION
CLICK HEREBenefits of Enterprise Ethereum
Low Cost
One of the key values that comes with blockchain implementations is the removal of intermediaries. Smart Contract deployed on the Enterprise Ethereum network provide immutable automation based on “codified business logic,” so cost savings can realized by connect business participants without anyone in the middle. Another cost savings opportunity is in the transaction cost. In the public version of Ethereum, each transaction will need a certain amount of “ether” which is a very popular cryptocurrency to power the transaction. In Enterprise Ethereum, there is no cost and no cryptocurrency involved when making transactions.
Quicker Throughput
There have been some concerns with transactions per second when people discuss public blockchain networks. Naturally, if you were to build a customer network where participants are only allowed if they are granted access, there are less participants or nodes than in the public version. The fact that the network is smaller, allows for a high throughput and can accommodate many business use cases.
Custom Governance and Enhanced Privacy
In Enterprise Ethereum, you are still building a network of business participants on the same codebase as public Ethereum, however, the only participants are those who you have allowed to join the network. Transaction data is kept from the public as the only those participants who are allowed will have access to the network. Likewise, since you are creating a variant of the public Ethereum network, you can have a customized governance on Enterprise Ethereum like gas limits.
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Envision Blockchain Solutions builds applications for the Web3 space. Our mission is to reshape and align today's systems allowing organizations to recognize the new value in tomorrow's Industry Vertical Solutions. The management team has years of Fortune 500 experience and has built a team of subject matter experts in Web3 and Business Transformation Processes. We focus on guiding organizations through 3 major milestones on their Web3 journey: Use Case Analysis, Proof of Concept Development, and Scaled Deployments.
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