Elanahayes
New member
Hi guys, I am trying to wrap my head around private blockchains and their application in companies. In general, I noticed that an increasing number of businesses have chosen for private blockchain networks, and I wondered whether it was truly required for all types of businesses or just selected ones.
From what I have learned, private blockchains are different from public ones, such as Bitcoin, in that accessibility is limited to selected people only. That means more privacy, faster transactions, and better control. Industries that are using this already include finance, healthcare, supply chain, and gaming; these industries want to protect important data and improve trust.
But here's where I need your help:
Do you believe every business should explore private blockchains, or is it mainly for companies that handle sensitive information? And if you have worked with a Private Blockchain Development Company, what should someone check before hiring one?
Please share your opinions, experiences, or questions. Let's help each other learn.
From what I have learned, private blockchains are different from public ones, such as Bitcoin, in that accessibility is limited to selected people only. That means more privacy, faster transactions, and better control. Industries that are using this already include finance, healthcare, supply chain, and gaming; these industries want to protect important data and improve trust.
But here's where I need your help:
Do you believe every business should explore private blockchains, or is it mainly for companies that handle sensitive information? And if you have worked with a Private Blockchain Development Company, what should someone check before hiring one?
Please share your opinions, experiences, or questions. Let's help each other learn.