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What are the core requirements for a Business Blockchain?

Question Posted / Naveen Prasad Meena

Answer Posted / Naveen Prasad Meena

A Business Blockchain must have the following core requirements:n1. Scalability: The ability to handle a large number of transactions per second.n2. Privacy and Confidentiality: Ensuring sensitive business data is protected.n3. Interoperability: Ability to connect with other systems and networks.n4. Governance: Rules for transaction validation and dispute resolution should be defined.n5. Smart Contracts: The ability to automate business processes.n6. Consensus Mechanisms: Efficient methods for reaching agreement on transactions.

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