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