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What Is The Difference Public, Private And Consortium Blockchain?

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By Author: Block chain council
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Blockchain has become an integral part of the functioning of different business operations. Although Blockchain is growing profusely, at the same time, some apprehensions are surrounding this platform like easy access to anyone in the network which raises questions on the credibility of the Blockchain platform. Here we would like to mention that there are different types of a Blockchain platform. If you pursue the Blockchain course, then you will learn about Blockchain technology and its various platforms. Each of these platforms finds different applications. In this blog, we are going to highlight the different types of the Blockchain platform and its key differentiating features.

Let’s Explore:

1. Public Blockchain Platform- In 2009, the world got to know about Cryptocurrency, and along with it, its underlying technology, Blockchain also surged. This was the public Blockchain platform that nullified the existence of middleman, and at the same time, it also promoted peer-to-peer networking. However, anyone can access this system. It is a more open system which connects the people without the interference of ...
... third-party.

Key Features Of Public Blockchain:

• It is open, and anyone can access the system while maintaining their anonymity.
• Completely transparent ledger
• Fast-functioning and secure
2. Private Blockchain Platform- Most of the companies are now looking for Blockchain platforms which are more secure than public Blockchain. It becomes especially important for industries dealing with financial information and transactions or other confidential information. Here private Blockchain plays a vital role. It allows middleman, but their role is limited. Here we have a single authority which looks after the entire work.

Key Features Of Private Blockchain

• It is somewhat decentralized
• Has a single governing authority
• More trusted and secure than public Blockchain
• Empowers enterprises

3. Consortium Blockchain Platform- This is also known as federated Blockchain. It has multiple organizations governing this platform. To be more precise, it is a permissioned Blockchain. The one who can access the system or grant permission has to be a part of the permissioning organization. Each organization that is a part of this platform will keep a check on the platform.

Key features of Consortium Blockchain

• It is faster
• Has better scalability
• No risk as this is a permissioned platform
• No criminal activity
• Completely secure
This brief overview of the different Blockchain platform would give you an insight into the technology and the way it works. However, it becomes important to know how these function and for it, one needs to learn in-depth about it.

Blockchain Council offers an online Blockchain certification and Blockchain online training that will give you a complete understanding of this technology. Moreover, these Blockchain certification programs give you learning about what forms the core of Blockchain technology. So, if you wish to make a career in this field, this is the right time to start learning.

Concluding Thoughts- As Blockchain continues to grow and the hunger of companies to throve in the competitive work, we are going to witness a surge in demand for this technology. Blockchain professions and tech experts are going to be the kingpin of tomorrow.

More About the Author

Blockchain Council is an authoritative group of subject experts and enthusiasts who are evangelizing the Blockchain Research and Development, Use Cases and Products and Knowledge for a better world. Blockchain technology is more than just a technology, which is emerging rapidly with a vast scope in the future. Blockchain acts as a financial network, software, distributed ledger, etc. Owing to this multitude of benefits and features, companies are now shifting their centralized and traditional working system to this trending and futuristic technology “Blockchain”. Blockchain council creates an environment and raises awareness among businesses, enterprises, developers, and society by educating them in the Blockchain space. We are a private de-facto organization working individually and proliferating Blockchain technology globally. Visit here for more details@https://www.blockchain-council.org/

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