What is Enterprise Ethereum and Why is it the Best Blockchain for Business?

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What is Enterprise Ethereum?

Ethereum blockchain technology allows organizations to build, test, and deploy decentralized applications that run exactly as programmed with no downtime, censorship, fraud, or third-party interference. Enterprise Ethereum refers to private, consortium, and hybrid implementations of the Ethereum codebase for business applications.

Businesses, governments, and forward-thinking organizations across the globe are adopting Enterprise Ethereum to reduce the cost of trust, increase efficiency, and unlock new opportunities for value creation.

Understand Enterprise Ethereum, its growing impact on global industries, and how ConsenSys is empowering enterprises to overcome their biggest obstacles in business today.

Watch an on-demand webinar that walks through an introduction of Enterprise Ethereum here.

5 Reasons Enterprise Ethereum is the best blockchain for business

1. It is the most advanced, flexible, and production-ready blockchain platform

2. It enables the creation of new business models and opportunities

3. It has the most established blockchain ecosystem

4. It enables rapid, easy, and affordable deployment of enterprise blockchain solutions

5. It satisfies enterprise-grade requirements for privacy, security, performance, scalability, and interoperability

 

1. It is the most advanced, flexible, and production-ready blockchain platform.

Enterprise Ethereum is the only fully programmable blockchain that supports and executes billions of dollars in transaction value each day. Only Enterprise Ethereum is capable of supporting public, private, consortium, and hybrid blockchain configurations for use cases and applications across every industry, including financial services, government, supply chain, asset management and more.

Learn how Ethereum’s smart contracts and native ETH token differentiates Ethereum from single-purpose blockchains on the market.

Explore the endless applications for Enterprise Ethereum in financial services, law, supply chain, international trade, government, and more.

2. It enables the creation of new business models and opportunities

NATIVE TOKENIZATION

Ethereum’s built-in tokenization capacity empowers business to reap the benefits of secure, scalable and rapid asset transfers, fractionalized ownership of real world assets, tokenized micro-economies and accountable transparent governance systems.

BUILT-IN INCENTIVIZATION

Ethereum’s built-in incentive structure drives increased network alignment, heightened operational efficiency and organic growth. This is because Ethereum’s native token directly incentivizes contribution and development, and its network algorithms punish nefarious activity.

Leveraging these innovations of emerging technology is key to unlocking new business opportunities and gaining sustainable competitive advantages.

Learn about asset digitization and its associated benefits, including fractionalization of ownership, incentive alignment, and the creation of new business models.

Watch an on-demand webinar that walks through an introduction to tokenization here.

3. It has the most established blockchain ecosystem

Ethereum is best positioned to deliver enterprise solutions because it is backed by the largest and most established blockchain ecosystem. Over 300,000 software engineers, product developers and enterprise delivery experts are building the infrastructure, developer tools, core blockchain applications and resources to facilitate solution creation, delivery and support.

The world’s largest business blockchain consortium, the Enterprise Ethereum Alliance, has over 500 member organizations and is creating the standards to ensure ethical, sustainable and high-quality processes.

With this ecosystem, Ethereum is primed to be the best developed, longest-lasting blockchain in the world.

4. It enables rapid, easy, and affordable deployment of enterprise blockchain solutions

Ethereum offers the best enablement tools for blockchain solutions with rapid deployment mechanisms, full suite support services and reduced cost models.

ADVANCED INFRASTRUCTURE AND DEVELOPER TOOLS

These tools empower developers to build collaboratively and confidently. They also enable businesses to create, test, and deploy enterprise-grade blockchain solutions in a matter of minutes.

FULL SUITE SUPPORT SERVICES

For management and ongoing maintenance of Enterprise Ethereum solutions: Established support providers such as ConsenSys Solutions and top-tier IT consulting firms exist in every market across the globe.

LOW COST BUSINESS MODEL

The decentralized nature of Ethereum reduces costs through the elimination of intermediaries. Ethereum’s open-source codebase further enables a low-cost business model by eradicating vendor lock-in.

Together, these enablement tools make development on Ethereum faster, easier, and more affordable than on any other blockchain.

5. It satisfies enterprise-grade requirements

Enterprise Ethereum is the most promising blockchain for business because its architectural specifications effectively satisfy enterprise-grade requirements for privacy, security, performance, scalability, and interoperability.

PRIVACY

Enterprise Ethereum offers the most advanced blockchain privacy capabilities on the market. Permissioned networks and private transactions are used to control network access, transaction execution and data storage. Using added layers of privacy on specific transactions, enables businesses to benefit from Ethereum’s resilient and high-integrity mainnet.

Discover how Ethereum uniquely addresses the privacy needs of enterprises at every level from code, to contract data, to element or attribute level data.

Watch an on-demand webinar that walks through simple private transactions on Enterprise Ethereum here.

SECURITY AND RESILIENCE

The public Ethereum network is the most resilient and hack-resistant blockchain to date. It processes more daily transactions than any other blockchain, securely holding billions of dollars in value. It has also been real-world security tested since its launch in 2015. This assures businesses of utmost security and risk mitigation for all network capacities in enterprise applications.

PERFORMANCE AND SCALABILITY

Enterprise implementations of Ethereum do not face the same scaling constraints as the public network. They have been adjusted to sustain high-performance, scalability, and finality, in order to allow hundreds of transactions per second and periodic surges in network activity.

INTEROPERABILITY

Enterprise Ethereum is the only business blockchain that enables seamless integration with Ethereum’s public mainnet. This equips each Enterprise Ethereum solution with global reach, extreme resilience, high integrity, and access to the vast Ethereum ecosystem. Enterprise Ethereum solutions can also be customized to interoperate with other open-source blockchain projects, allowing for future adaptation and expansion of existing solutions.

Product Spotlight

Pantheon by PegaSys

Ethereum for the Enterprise. Pantheon is an open-source Ethereum client in Java. It is mainnet compatible and includes features like consensus algorithms that apply to enterprise use. PegaSys’ mission is to build blockchain solutions ready for production in business environments. It works closely with the Enterprise Ethereum Alliance and other partners to drive the creation of clear standards.

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