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RE: Private Blockchain - An Oxymoron?
Private blockcains is the same vision as private intranet in the old days!
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Private blockcains is the same vision as private intranet in the old days!
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My sophomoric understanding was that private blockchains are basically just a means to keep a ledger or run numbers in a need to know only basis community.. Such as any private company that may wish to maintain internal transparency but not leak their financial transactions to competition or the general public. An accounting safety net if you will...
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In a simple word, a private blockchain is a private database with a consensus integrated that runs by a central entity or a company to benefit from this technology!
Absolutely. Essentially, just a way to keep control (centralized version) within an enterprise while leveraging the immutability and ease of data analysis of a blockchain
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private intranet ?
How did it even work? I've never hard about it till now.
Cheers, Piotr
A private intranet is the same as the internet but works inside in a private network. The same thing will happen with private and public blockchains.
Yours,
Chesatochi
And is that bad or good think in your opinion @chesatochi?
It seem that many do not like idea of private blockchains.
Yours
Piotr
I believe is a natural progression of this technology toward many industries out there. It will bring value for companies to save money toward many processes that rely on too many checkpoints.
The information will be easy to verified with private blockchain. I know is not the same philosophy of public blockchains like bitcoin or ethereum. :)
Yours,
Chesatochi
Thank you @chesatochi for your comment.
My pleasure.
I think WEKU is a private blockchain
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I don't know about this forked Steemit clone! :(