Blog

Nov 27

2019

Private and Public Blockchains

Blockchain technology has been so far known to be a decentralized infrastructure, giving everyone a say in the global ecosystem. However, this innovative technology can also be utilized for other features and functionalities besides the normal public decentralized ecosystem.

Blockchain can also be utilized in firms and companies that has large chunk of data to be stored and kept secured from the public eye. Moreover, governments and its agencies can utilize blockchain technology to build massive data storage architectures for its running.

What happens when these ideas are brought to fruition? How do these outfits keep their data secured and out of the public reach? This is the reason we have Private Blockchains.

PRIVATE BLOCKCHAIN VS PUBLIC BLOCKCHAIN

Private blockchains are blockchains networks that are specially created for a unique set of people or for a singular firm or group of firms. The Private blockchain architecture, makes it possible for people within that ecosystem to have access to the information found in their database as quickly as possible, while hindering the general public from having access to these data.

 

The idea behind the private blockchain is a “decentralized community of people sharing data seamlessly amongst themselves, having no tie with the outside world”. Private Companies and Firms all use private blockchains in a sense, the question remains, how decentralized are these blockchain to members of the same ecosystem.

Blockchain technology has been so far known to be a decentralized infrastructure, giving everyone a say in the global ecosystem. However, this innovative technology can also be utilized for other features and functionalities besides the normal public decentralized ecosystem.

 

Blockchain can also be utilized in firms and companies that has large chunk of data to be stored and kept secured from the public eye. Moreover, governments and its agencies can utilize blockchain technology to build massive data storage architectures for its operations.

 

What happens when these ideas are brought to fruition? How do these outfits keep their data secured and out of the public reach? This is the reason we have Private Blockchains.

PRIVATE BLOCKCHAIN VS PUBLIC BLOCKCHAIN

Private blockchains are blockchains networks that are specially created for a unique set of people or for a singular firm or group of firms. The Private blockchain architecture, makes it possible for people within that ecosystem to have access to the information found in their database as quickly as possible, while hindering the general public from having access to these data.

 

The idea behind the private blockchain is a “decentralized community of people sharing data seamlessly amongst themselves, having no tie with the outside world”. Private Companies and Firms all use private blockchains in a sense, the question remains, how decentralized are these blockchain to members of the same ecosystem.

 

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