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What is Enterprise Blockchain?

Crypto Terms Glossary: What is Enterprise Blockchain?

Enterprise blockchain is a term used to describe blockchain systems that are typically used by large corporations for record keeping, data storage, and numerous other transaction and business types. Viable long-term enterprise blockchain systems must consist of three main characteristics — scalability, decentralization, and security — in order to be sustainable for most real-world enterprise uses. Enterprise blockchains are typically systems capable of the extreme scalability needed to process transactions very quickly because of the large amount of data that is regularly sent and received by large corporations. Enterprise blockchain systems can be either private, public, or hybrid systems.

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