public vs. private blockchain
crypto·@famunger·
0.000 HBDpublic vs. private blockchain
<html> <p>I am into blockchain since 2 years now. Me being an IT Management consultant was very quickly fascinated about blockchain and how it will change the world.</p> <p>Than I started to dive into the components of blockchain and tried to identify for which use cases blockchain adds unique benefits. So I was looking for use cases which can be realized with blockchain only or at least much more efficient than with other technologies.</p> <p>Than I attended a conference here in Switzerland (Blockchain Valley Conference in Zürich). One of the speakers was a leading guy (couldn't find his name) from IBM research talking about hyperledger. That was when I heared the first time about the differentiation of "private" and "public" blockchains. And he predicted that private blockchains will lead to very efficient process of companies.</p> <p>First I thought that makes totally sense. But the more I am thinking about "private" blockchains the less I get the point. Maybe you guys can help me to understand that concept. How can a blockchain be private (I understand private as being controlled by one entity e.g. a company) and bring unique, blockchain specific value? In my understanding blockchain loses nearly every advantage as soon as it is controlled by one entity. Which point am I missing?</p> </html>