ABSTRACT

The protocol of blockchain technology needs complicated development in order to fulfil the security and operational requirements of enterprises. A growing number of enterprises are adopting blockchain because of its secure and transparent platform for business owners to digitally track assets beyond the trust boundaries, and for business partnerships it offers new opportunities for company collaborations and introducing new business strategies. The Confidential Consortium Framework would be appropriate from a design perspective with all ledger protocols and can be accomplished on premises and in the cloud, over any hypervisor and operating system which supports a suitable trusted execution environment. Enterprise blockchain networks will disrupt the typical old business strategies and will soon take over as lead technology in the global enterprise market. With blockchain technology, transparency and trust can be maximised, which will help to build a wider consumer base.