Private Blockchain Networks
Overview
Private blockchain networks offer companies complete control over their blockchain infrastructure, enabling fast, private and efficient transactions. These networks are designed for enterprise use cases where privacy, control and performance are critical.
Key Takeaways
- Private blockchain networks provide greater privacy and control over data and transactions.
- They offer higher performance and scalability compared to public networks.
- Ideal for enterprise consortia that require specific permissions and controlled governance.
Origins
Private blockchain networks have emerged as a solution for companies that need the benefits of blockchain technology but require greater control, privacy and performance. Unlike public networks, private ones allow only authorized participants to access the network, making them ideal for enterprise applications where confidentiality is essential.
