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What is Enterprise Blockchain Technology?

what is enterprise blockchain

Enterprise IT leaders recognize the value of a Public Blockchain Network with a decentralized future. However, these executives also recognize that traditional Blockchain technology will not meet their business requirements, including lower cost of transaction and scale.

Many enterprises’ CIOs and CTOs plan to consider an Enterprise Blockchain strategy to meet their high-volume financial transaction requirements.

This article will cover the importance of Python for Enterprise Blockchain architectures; the significance of Enterprise Blockchain; the key differences between Blockchain and Enterprise Blockchain; and use cases for Blockless Chain.

Many Blockchain Infrastructures and Enterprise Blockchain architectures use Python, C++, Java code, SQL databases, PHP, CSS, and Linux. Students looking to pursue a career in software development, cybersecurity, and data analytics, should consider the following courses at CIAT. Edu to help develop technology skills used in a Blockchain and Enterprise Blockchain architectures:

The Importance of Python for the Enterprise Blockchain

Python is an open-source scripting language for automating IT tasks. It’s popular because of its simplicity, readability, and ease of learning. Python is also an excellent choice for beginners. 

In addition to being a powerful tool for automation, Python is used for Blockchain and Enterprise Blockchain decentralized applications or dApps creation. Many development teams standardize on Python for SecOps and DevOps automated security testing tools.

Why is Enterprise Blockchain Becoming Critical for Businesses?

Under Blockchain, organizations add all data to an existing Blockchain and replicate it across several distributed ledgers. The likelihood of tampering is zero by having data written in twelve distributed ledgers. Contrary to the legacy Blockchain platform, Enterprise Blockchain platforms overcome several challenges while fulfilling the need to deliver optimal data, increase scalability of transactions, and deliver secure data protection.

Enterprise Blockchain uses a unique data structure called Directed Acyclic Graph or DAG. DAG writes the data into individual blocks, not on a chain. Like a tree growing new limbs, the ability to scale up using DAG gives enterprises a faster means to secure their transactions. While transaction speed is necessary, Enterprise Blockchain is less secure than legacy Blockchain.

The Differences Between Blockchain and Enterprise Blockchain

Cybersecurity experts consider the traditional Blockchain security model unbreakable and tamper-proof for protecting financial issues, electronic cash, and transaction history. 

Once the data is written to the Blockchain, the content cannot be altered. Blockchain’s validation process required a miner to perform a hash calculator before the block of transactions. 

While highly secure, this architecture can only process five to seven transactions per second. This transaction rate is ideal for recording property titles, car titles, or copyrights.

Enterprise Blockchain handles transaction validation much differently, resulting in a high transaction rate per second. In the Enterprise Blockchain architecture, each data becomes written to a separate block, not part of a chain. Every approver only needs to reference back to two previous transactions.

What are the Use Cases for Blockless Chain? 

IOTA is a globally recognized protocol that continues to lead the Enterprise Blockchain architecture demands. IOTA is a machine-to-machine payment protocol over the Internet-of-Things (IoT) strategy. IoT devices, including home sensors, security cameras, badge readers, and solar panel systems, operate over an IP network and contain valuable data for organizations’ processes with their artificial intelligence and machine learning engines.

A growing use case for IOTA over Enterprise Blockchain Technology is a universal payment provider method for people charging their Tesla or other EV cars.

When someone uses a public charging station, IOTA issues Enterprise Blockchain tokens as a payment method for these micro-transactions. EV charging vendors don’t need to worry about local currencies, dollars, or credit cards. This transaction method is valuable for people seeking payments without borders and with no central authority like a bank or credit card processing company as the middleman.

Another growing case for IOTA and Enterprise Blockchain is in factory automation production lines. Factory components running IoT sensors report their activity into a Enterprise Blockchain transaction system. This decentralized application hosted on the Enterprise Blockchain has direct global links to closed-loop supply chain partners, remote engineering teams, and internal financial systems. If a factory device needs replacing, the supply chain partner will see the request, and they will autocomplete the fulfillment process without any human interaction. 

Knowledge for Today and in the Future

Blockchain and Enterprise Blockless Chain architectures require talent to realize the organization’s potential thoroughly. Cybersecurity engineers, DevOps, SecOps, and DevSecOps engineers, and software development engineers are in enormous demand for organizations looking to incorporate Blockchain and Enterprise Blockchain.

Microsoft, Apple, Google, Ford, Bank of America, Wells Fargo, and the Federal Government continue investing in Blockchain and Enterprise Blockchain architectures. They hope these architectures provide more secure applications with global flexibility for money transfers, access to global health care, and a better way to record title documents.

Students should invest more time learning about Blockchain and Enterprise Blockchain. This knowledge will give them a decisive advantage in the job market in future years. 

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