Private Blockchain from Jack Farris's blog

A private blockchain is a closed, permissioned blockchain network where only authorized participants can access and validate transactions. Unlike public blockchains, private blockchains offer enhanced privacy, control, and scalability. Businesses use private blockchains to secure sensitive data, improve efficiency in supply chain management, and facilitate secure financial transactions without exposing proprietary information to the public. The central authority of a private blockchain ensures higher transaction throughput and custom governance models. Private blockchains are widely used in enterprise settings where confidentiality, performance, and control are critical, such as in banking or private corporate networks.