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As the market around blockchain continues to grow, a range of different distributed ledger technologies is becoming available for enterprise users to apply blockchain. When looking at your options, it is important to note that certain protocols are suited to certain use cases, and time-to-value can be accelerated by leveraging existing networks that already exist.

Is the protocol open sourced and openly governed?

Simply posting code on an open developer site is not enough there needs to be a governing body which maintains the code in line with enterprise needs. The Linux Foundations Hyperledger Project exemplifies what it means to openly govern an openly sourced code base, allowing any organization or contributor to submit suggestions, updates, and policies. Hyperledger openly validates the inputs through the Technical Steering Committee to ensure innovations are supported which harden blockchain for business.

Who will be a part of the network?

Participants can include business partners, application providers, regulators or even competitors.

What use case will drive transactions on the network?

The use case may also necessitate the use of a trusted public network when dictated by a business need. Two prime examples of this are for trusted identity and universal payments. For instance, a distributed ledger like Stellar enables transfer of cross-border payments, enabling universal settlement of assets.