While majority of Blockchain initiatives have utilized public access Blockchain, some do require a bit more exclusivity. Not all development can be done using public access Blockchain with information been visible to all. Industries with more sensitive data like healthcare, financial institutions or legal industries do require additional privacy and scalability, for them the best way to implement Blockchain is to have their very own private Blockchain.
Private Blockchain works exactly like a public access Blockchain, but a private Blockchain network requires an invitation validated by the network initiator. This allows for a more controlled working environment without compromising on the core Blockchain principles.
Advantage of private Blockchain:
Building a trading software for cryptocurrency Hedge funds that offers institutional grade security and efficiency protocols.
Along with being a budgeting app, Fintify allows its users to calculate their net-worth and monitor investments across multiple geographies.
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