Blockchain is a flabbergasting, state-of-the-art technology which owns the potential to revolutionize not only the FinTech industry (which it already did) but every aspect of our day-to-day lives. Being a secure digital ledger, it has paved new ways for record keeping. When broadly classified, there are three types of Blockchain namely Public Blockchain, Private Blockchain and Federated or Consortium Blockchain. When used in Supply Chain, it is often called Supply Chain Blockchain as well. Out of all these, Private Blockchain Solutions have its own significance.
Private Blockchain Solutions:
Private Blockchain as the name suggests is managed and controlled by a single organization and the access is kept restrained to that one organization and its different departments. Of course, the network is Peer-to-Peer but only within the firm. In this way, a private blockchain is slightly different from the public blockchain as the information is not shared outside a department and the company itself. Only the permissioned users can have access to it. For this reason, it is also called a Permissioned blockchain.
Why Oodles Technologies?
We, at Oodles Technologies, provide end-to-end Blockchain Development Solutions to our clients. We also have our expertise in building private blockchains for small-to-medium enterprises. We have more than four years of experience in Blockchain Applications Development and we have a seasoned team of Professional Blockchain Developers with ample of skills. Over the years, we have attained excellence in building Private Blockchains for leading firms from across the globe. We provide world-class Private Blockchain Solutions for the banking sector as well.