INTRODUCTION TO TYPES OF

BLOCKCHAIN FOR KEY BLOCKCHAIN TERMINOLOGY BLOCKCHAIN

ENTERPRISES
NODE HASH FUNCTION
Blockchain: A type of distributed ledger A computer in a blockchain network that maintains a copy of the A function that turns input data into fixed-size value. Public Blockchains
technology where data is stored across ledger.
CRYPTOGRAPHY Open to all, decentralized,
multiple computers in a chain of blocks.
CONSENSUS MECHANISM Practice of securing communication and data. and fully transparent.

Enterprises are leveraging blockchain to A protocol to confirm transaction validity and consensus on the
network. TOKEN Private Blockchains
enhance transparency, security, and
Digital asset representing an asset or utility on a blockchain.
efficiency in their operations. SMART CONTRACTS Restricted to certain users,
Contracts transformed into code that automatically execute when P2P (PEER-TO-PEER ARCHITECTURE) offers more control, and is
conditions are met. Decentralized model where parties can transact directly. faster.
DISTRIBUTED LEDGER TECHNOLOY (DLT) WALLET
A shared, decentralized database. Tool for making transactions and managing cryptocurrency holdings. Consortium Blockchains
SMART CONTRACTS
DOUBLE-SPENDING GAS Semi-private, managed by
Self-executing digital agreements on A flaw where digital tokens are spent more than once. The fee required to execute transactions The unit of gas is measured a group of entities.
blockchain. Automate business in Gwei.
processes, enforce terms, and improve MINERS/VALIDATOR Hybrid Blockchains
efficiency, transparency, and security in DECENTRALIZED APPLICATION (DAPP)
Entities that validate and add transactions to a blockchain.
enterprises. Application that runs on a decentralized network. which combine the
MINING features of both public
Process of adding new transactions to a blockchain in PoW systems. and private blockchains.

Ethereum Hyperledger Fabric Corda Algorand IOTA VeChain

Public blockchain A modular and scalable blockchain platform A distributed ledger platform designed A blockchain-based system that A distributed ledger designed for A blockchain platform that
ENTERPRISE platform with smart designed for enterprise solutions. Offers unique for businesses to manage legal facilitates quick, efficient transactions the Internet of Things (IoT), focuses on supply chain
BLOCKCHAIN contract functionality. features like permissioned membership, agreements in a secure and private way. for businesses. Known for its speed, offering feeless microtransactions management, anti-counterfeiting,
PLATFORMS customizable consensus protocols, and privacy. Ideal for financial and complex. scalability, and security. and data integrity. and IoT integration.

ENTERPRISE BLOCKCHAIN CHEAT SHEET

THE SIGNIFICANCE OF SMART CONTRACTS Supply Chain

TRUST AND TRANSPARENCY EFFICIENCY AND COST-EFFECTIVENESS AUTOMATION

ENTERPRISE BLOCKCHAIN USE CASES AND EXAMPLES Enhances transparency,
traceability, and efficiency
SECURITY INTEROPERABILITY AUDITABILITY AND IMMUTABILITY (Nestle, Walmart).

Fashion ESG Energy & Utility Financial Services

BENEFITS OF BLOCKCHAIN FOR ENTERPRISE Ensures authenticity and
Provides transparency in Manages energy trading
Streamlines transactions
environmental, social, and and grid management
Improved security Increased transparency Greater efficiency Enhanced traceability sustainable sourcing (Zara, and compliance (JP
governance factors (Nvidia, (Shell, Siemens, Power
Nike, LVMH, H&M). Morgan, Mastercard).
Cost saving Reduce risk of fraud Immutable record of transactions and data Improve speed Microsoft). Ledger).

Ability to create new business models and revenue streams through the use of smart contracts and tokenization
Real Estate Healthcare Media & Entertainment Asset Tokenization
Improves patient data Facilitates content
Simplifies transactions and Allows fractional
management and drug ownership and revenue
record-keeping (Republic, ownership and liquidity
IMPLEMENTING HOW TO DETERMINE Realblock).
traceability (Pfizer, IBM distribution (Sapien, rally,
(Morgan Stanley at Work).
BLOCKCHAIN IN WHETHER TO ADOPT OR Watson, MediLedger). Binded).
ENTERPRISES NOT?
Food Industry Legal IoT Circular Economy
Identify use-case
1 Streamlines contract Secures device connectivity Promotes resource

Identify Consensus mechanism (Proof-

Identify the problem
? Ensures food safety and
traceability (Tyson Food,
management and dispute
resolution (Deloitte,
and automates
microtransactions (Helium,
efficiency and waste
reduction (Circularise,
of-Work, Proof-of-Stake) Unilever).
2 Assess the benefits LegalTech News). Xage Security). Eiravato).
FOR MORE GUIDANCE
Choose the right platform TAKE OUR
3 Consider the costs
"ADOPT NOT TO
Design and develop the blockchain KEY CONSIDERATIONS FOR ADOPTING BLOCKCHAIN TECHNOLOGY IN
solution ADOPT"
ENTERPRISES
4 Evaluate interoperability
Test and deploy the solution QUIZ
BLOCKCHAIN GOVERNANCE REGULATION AND COMPLIANCE BLOCKCHAIN AND INTEROPERABILITY

5 Assess the risks https://bit.ly/3NifePH

Training and education Ensuring a balance of Compliance with data Connecting different
power among protection laws; blockchains for seamless
participants; data flow;
Adherence to financial
WHAT TO CONSIDER: Ensuring the sustainability regulations (if applicable); Standards and protocols
CHOOSING A BLOCKCHAIN PARTNER: and longevity of the for blockchain
Industry Experience Long-Term Support network; Compliance with industry- interoperability.
a service provider or platform like AKB or consultant who
Reputation and Reliability Partnership Models specific regulations.
supports you in the implementation of blockchain technology. Managing conflicts and
require specialized knowledge and resources. Flexibility and Adaptability disputes.

NFT Boom Metaverse Blockchain-as-a-Service (BaaS) Blockchain in Social Networking DeFi (Decentralized Finance) Soulbound Tokens (SBTs)
FUTURE
TRENDS IN Unique digital assets Blockchain-enhanced virtual Services provided by For improved data privacy and A peer-to-peer financial system Blockchain tokens representing
BLOCKCHAIN reshaping art and spaces for online interaction. companies like AstraKode for content monetization. on blockchain, bypassing individual or entity attributes and
TECHNOLOGY collectibles. blockchain solutions. traditional intermediaries. accomplishments, extending NFT usage.

CBDCs Blockchain in eCommerce Blockchain with IoT Blockchain with AI Blockchain Interoperability GameFi
Digital currencies issued by Enables secure payments, Secure IoT networks and Enhances transparency and Connects different blockchain A blockchain-based system combining
central banks (e.g., in Nigeria, supply chain tracking, and automate microtransactions. security of AI models. ecosystems via interchain gaming and finance, rewarding players
Bahamas, Antigua, Barbuda). loyalty programs. communication. through a play-to-earn model.

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