IOTA, MIOTA

Zilliqa (ZIL): One of the biggest news today is the announcement that Goldman Sachs, JP Morgan and a host of other partners have helped Axoni, an enterprise blockchain platform, raise $32 million in a series B round of funding. Axoni is an enterprise blockchain company that offers customized blockchain solutions to financial corporations. One of their projects is DTCC, a project that entails moving $11 trillion dollars trade information to a custom blockchain.

While such achievements are may look beneficial to the growth of blockchain technology, and cryptocurrencies, they could also lead to the decline of public blockchains in the long-run, and make most coins and tokens irrelevant. That’s because most crypto investors are counting on adoption for their coins to gain value. But if corporations start moving more towards private blockchains, then it would mean that most cryptos will never get adopted. This risk is biggest for platform blockchains meant for the development of smart contracts.

However, even as private enterprise rise, there are certain public enterprise blockchains that will most likely thrive. To understand why, one needs to understand the whole allure of private enterprise blockchains in the first place.

One of the reasons why private enterprise blockchains are growing in popularity is because they offer a high level of performance. Unlike most public blockchains, private blockchains offer high levels of performance with transaction speeds of up to 100k transactions per second, or even more.

This allows large corporations to handle large transaction volumes without any congestions to the network, while still enjoying the benefits of the blockchain.  Secondly, private enterprise blockchain offer privacy, especially for sensitive transactions. The fact that these blockchains are permissioned means that sensitive information stays within the control of those who own it.

But there is one thing that gives public blockchains an edge, and that’s security.  Public blockchains are more secure, since their higher levels of decentralization means that there are harder to infiltrate. In essence, if a public blockchain can offer everything that a private blockchain has to offer, while maintaining a secure and highly decentralized ecosystem, then it stands a good chance of adoption.

One public blockchain that offers a mix of all these is Zilliqa (ZIL). Zilliqa is a high throughput blockchain that intends to use Sharding to allow for unlimited scalability. This means that Zilliqa can handle a limitless number of transactions without any problems to the network, effectively putting it at par with private blockchains.  On top of that Zilliqa is designed to scale on-chain, which makes it highly secure when compared to most other public blockchains that are looking into off-chain scaling solutions.

These features give Zilliqa an equal chance to compete with private blockchains in the enterprise market.  As such, it stands a high potential for adoption, especially in high-finance, where these features are most critical.

Zilliqa’s powerful features also mean that it is highly undervalued at current prices. Unfortunately, with the crypto market deep in bear territory, the full potential of this blockchain may take time before it reflects in its price.

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