What remains above the waterline: a quieter hotbed of innovation we call ‘enterprise blockchain.’ As opposed to their problematic crypto cousins, enterprise blockchain solutions are largely permissioned and centralized – thus potentially making them safe for corporate use. Even though enterprise blockchain has an unquestionable business focus, it is still too early to tell which enterprise blockchain approaches will become viable long-term. In response, enterprise blockchain innovators have developed numerous alternative consensus mechanisms, each with its own strengths and weaknesses – and generally, none are interoperable with any of the others. For IBM, blockchain is more of a professional services play than a product offering, consistent with its long-term enterprise strategy. Enterprise Blockchain’s Long-Term ProspectsThis article only scratches the surface of today’s enterprise blockchain initiatives – but it hopefully indicates the diversity of such efforts in terms of their technical approaches as well as their business models.

Source: Forbes September 09, 2018 15:45 UTC