Private Permissioned Blockchains

Types of Blockchains

Private blockchains describe blockchains where only authorised parties (or nodes) have access to the system, and are therefore able to create or verify transactions or data.

Private blockchains are more commonly associated with private business, where an organisation may adopt a secure and transparent blockchain type solution, but again, only for those parties pre-authorised to access the network.

At the same time, if an organisation chooses to restrict sensitive data from being accessible by certain parties, they have the ability to do so within a private blockchain.

In light of the above, private blockchains are in some ways not dissimilar to traditional centralised networks, however an added level of decentralised distribution where appropriate can be extremely beneficial within a business environment

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