Bitcoin is far from Enterprise Blockchain

While trying to apply Blockchain to enterprise applications, a common mistake is to draw analogy to Bitcoin. While Bitcoin is a Blockchain application, it is far away from enterprise Blockchain application.

Below are the major differences between Bitcoin and Enterprise Blockchain

|                    |      Bitcoin      |  Enterprise Blockchain     |
|--------------------|-------------------|----------------------------|
| identity           |  anonymous        | counterpart identity aware |
| consent            |  proof of work    | selective endorsement      |
| openness           |  open ledger      | privacy                    |
| transaction speed  |  slow             | fast                       |
| cost               |  high             | low                        |
Written on January 24, 2018