Enterprise blockchain – Hyperledger
The arrival of Ethereum revolutionized blockchain technology. Applying technology to resolve business problems well beyond the financial industry has become feasible. However, there are many scenarios where Ethereum is not enough. Ethereum's issues include the following:
- Real enterprise applications, particularly in the financial industry, require a high throughput, which can mean billions of transactions a day. The current form of Ethereum has a maximum capacity of 1.4 million a day. Bitcoin is even worse: 300,000 transactions a day. During a stress test, Bitcoin Cash reached 2.2 million. Ethereum 2.0 under development aims at getting to a billion transactions a day while maintaining a decentralized and secure public blockchain.
- Many financial markets, for instance OTC Derivatives or FX, are permission-based. A public blockchain supported by Ethereum or Bitcoin does not meet such a need.
To satisfy their needs, well-established companies across industries...