Etherprise for GOChain is similar to Ontology on NEO's chain. Ontology is made for an encrypted network where the public cannot view all the information. This is what this team is essentially doing with Etherprise, except they say they plan to make the Etherprise chain encrypted contracts for enterprise customers who do not wish to have their private corporate data publicly available on the public GOChain.

Also, that phrase is "For all intents and purposes."