Public vs. Permissioned vs. Private Blockchain

A private blockchain is a completely closed network to the public and can only be accessed by a pre-approved set of participants. Only authorized users can participate in the network, view the ledger, and validate transactions. This type of blockchain is typically used by organizations that want to keep their transactions and data private and secure. A permissioned blockchain, also known as a consortium blockchain, is similar to a private blockchain in that it is not open to the public.…