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RE: Private Blockchain - An Oxymoron?
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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