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Blockchain for Enterprise

Blockchain Technology has the potential to revolutionize several sectors and industries.Many mainstream companies have adopted the technology after recognizing itu2019s possibilities.

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Blockchain for Enterprise

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  1. BlockchainFor Enterprise

  2. An Overview Public vs Private Blockchains Resilience through Decentralization TALKING POINTS Data Immutability Privacy & Transparency. Automation In a Nutshell

  3. ANOVERVIEW Blockchain Technology has the potential to revolutionize several sectors and industries. Many mainstream companies have adopted the technology after recognizing it’s possibilities. So, let’s look at why and how Blockchain technology benefits enterprises allover the world

  4. These Blockchains provide many of the needed for except privacy. Good examples for Public Blockchains are Bitcoin and Ethereum. functions enterprises, PublicvsPrivate Blockchains Public Blockchain A public blockchain is visible to everyone, and while the data is secure, it is not private.

  5. The Linux Foundation’s Hyperledger blockchains are a good example for Private Blockchain. They features blockchain with the added advantage “permissioned.” provide all the PublicvsPrivate of Public of being Blockchains Private Blockchain This makes them perfect for organizations and enterprises because data can be made available to select participants.

  6. RESILIENCETHROUGH DECENTRALIZATION -Decentralization is perhaps the most useful feature of blockchain technology for enterprises. -In a centralized network, all computers are connected to a central server. -This server has to be functional at all times because all data flows through it. -In blockchain, all computers (peers) are interconnected and distributed, making this a peer-to-peer network. -Even if one peer is dysfunctional, the entire network is not affected.

  7. DATAIMMUTABILITY The Data stored on a blockchain ledger can never be lost. When we add new data, it is stored on a new block. This new block has the cryptographic hash of the previous block. If someone were to make any changes, it will be clearly visible and notified to all peers, eliminating fraud and data tampering

  8. Automation -One prime feature of blockchain technology is a Smart Contract. -Smart Contracts are self-executing contracts that automate tasks based on some criteria. -Tasks such as payroll, scheduled payments, etc., can be faster and more efficient with smart contracts. -Once a Smart Contract is deployed, it cannot be changed, meaning that no “third-party” can tamper with it. -This eliminates the need for “trust” in transactions.

  9. InaNutshell Blockchain technology opens up a whole world of opportunities for enterprises and organizations. It combines privacy, confidentiality, resilience, automation, and durability, into a single package.Using blockchain-based systems, enterprises and businesses can completely transform the way they do business, forever.

  10. PRIVACY & TRANSPARENCY. For an enterprise, the balance between privacy and transparency is crucial. Protecting the privacy of the participants, while maintaining accountability. Some data might need to be protected (eg. Confidential records), and some might need to be public (eg. Transactions)

  11. @Blockchainxtech SOCIAL MEDIA @blockchainxtech @blockchainxtech

  12. MAILING ADDRESS CM Nagar, Sathy Rd,Ramakrishnapuram.Coimbatore, Tamil Nadu TALKTOUS EMAIL ADDRESS blockchainx.tech@gmail.com PHONE NUMBER 7708889555

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