A private blockchain is a permissioned network where access is restricted to specific participants, offering enhanced security and control over transactions. Unlike public blockchains, private blockchains allow organizations to maintain confidentiality and ensure that only trusted entities can participate in the consensus process. They are ideal for enterprises that require blockchain solutions for sensitive data management, financial transactions, or supply chain monitoring while maintaining privacy and regulatory compliance. Private blockchains provide scalability and faster transaction processing without sacrificing the core benefits of blockchain, such as immutability and transparency.
Jack Farris
67 Blog posts
