Decentralized VS Enterprise Blockchain or consortiums vs individuals

Decentralized VS Enterprise Blockchain or consortiums vs individuals


The comparison between enterprise level blockchain and a decentralized blockchain is relatively new. Maybe that is why there was more of a discussion than a debate at the Debate panel today.

Hosted and moderated by David Moss, CEO of StrongBlock, the panel consisted of Pei Chen, Director at Consensys, Kapi Attarwar, the Chief Revenue Officer and leader of Blockchain for Samsung in North America and Jordan Fried, SVP Business Development at Hedera Hashgraph.

Kicking off the discussion, all three panelists agreed on how both Enterprise and Decentralized are good on their own accord. Starting with Jordan Fried, he pointed out that Hedera, is a public network. But depending on where the use case lies, the need for any chain will be chosen. For instance, companies such as Trust Your supplier, or other such consortiums of inventory or supply chain management are all dependent on public or private chains.

Adding to this, Pei Chen says “An ideal world has both private and public network chains” This, she says includes platform protocols. Kapi Attarwar adds that by using consensus in enterprise, you can generate control over certain aspects such as inventory management etc., which samsung has been helping for companies such as Ford.

He also added how samsung, right now has two verticals in its blockchain. The first is the aforementioned private network that is for the enterprise level. The other is public chain that is based on ethereum and is focussed onto devices. He even mused about how the panel seems to defeat the purpose of debate as they all are ending up arguing with each other.

Read the complete article here.

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