Enterprise Blockchain (Glossary)

The term Enterprise Blockchain is at home in the categories Blockchain, Digital Transformation and Industry and Factory 4.0.

Enterprise blockchain refers to special blockchains that have been developed for companies. In contrast to public blockchains such as Bitcoin, in which anyone can participate, enterprise blockchains are private networks. Only selected partners - for example various companies within a supply chain - are allowed to participate and view or enter data.

The big advantage: the data on an enterprise blockchain is stored in a tamper-proof manner and all participants have the same, up-to-date information at all times. This ensures trust, speeds up processes and reduces administrative costs.

A practical example: In the automotive industry, many companies work together until a car is finished - from the supply of parts to delivery. With an enterprise blockchain, all companies involved can document deliveries, production steps and payments seamlessly and automatically. This avoids errors and makes the process easier to control.

To summarise, an enterprise blockchain is a digital solution that enables companies to work together securely, transparently and efficiently. It is an important part of digitalisation and helps to optimise processes in many industries.