Private blockchain is an ideal option for business and inner company’s software improving business processes. Unlike traditional blockchain networks, a member needs to receive an invitation to access the system, there is a network validator and some kind of centralized power. While it still has key benefits and features of public blockchain.
Private blockchain is a decentralized peer-to-peer network, which membership is controlled by the central consortium.
The key advantage is that transactions are quick due to absence of complex consensus algorithms remaining highly confidential.
Blockchain Monk’s team of professional Business Analysts, Developers and Advisers will help you to choose the best system fulfilling your business goals, develop a perfect solution for your business and provide technical support after product launch.
We provide the full-cycle Blockchain exchange development, including