Enterprises have very different needs on a blockchain network, as they need to manage sensitive data in high volume, track quality, and hold themselves accountable to safety and regulatory standards. Security, certainty, and accountability are essential for the enterprise, as their whole business model depends upon these factors. Below are the basic four requirements enterprises expect systems to full fill:
- Permissioning: Enterprise often requires that only authorized parties can join the network and that participants have different read, access, and write roles.
- Privacy: Specific transaction data such as price, address, personally identifiable financial information, etc. — should be restricted or made available to network participants depending on their roles and authorization. Banking regulations restrict who may have access to transaction data.
- Performance: Enterprises look for infrastructure which can process high volume transactions without fail with accuracy
- Certainty: Institutions transferring large amounts of money need certainty about the outcome of transactions, which they can rely on.