Importance of G6 Networks

Numerous enterprise scenarios demand specific performance capabilities that current permissionless blockchain technologies struggle to meet due to inefficiencies and scalability limitations. Moreover, in cases where permissioned blockchains replace established centralized networks, participant identification becomes critical, particularly in financial contexts where compliance with Know-Your-Customer (KYC), Anti-Money Laundering (AML), and supply chain provenance regulations is essential.

In general, a blockchain network to be ready for enterprise use, it should meet the following requirements:

• Participants must be identified/identifiable

• Networks need to be permissioned

• Networks need to be interoparable

• High level of security

• High transaction throughput performance

• Low latency of transaction confirmation

• Privacy and confidentiality of transactions

• Data pertaining to business transactions

• Feeless transactions

- “According to Statista, as of August 2017, the results of a survey asked senior executives in Asia-Pacific about their preferred type of Blockchain to use in their businesses. During the survey period, 45 percent of respondents said they wanted to use a Permissioned Blockchain.”

Numerous institutions and businesses are attracted to blockchain technology due industry hype. However, before finalizing any sales, we actively engage with each of them to ensure they are investing in solutions that truly meet their needs and deliver value.