A private blockchain is a closed, permissioned network where only authorized participants can access and validate the transactions. Unlike public blockchains, where anyone can join and participate, private blockchains offer greater privacy, security, and control, making them suitable for enterprises and organizations with specific privacy needs. These blockchains are often used for internal processes, such as supply chain tracking, data management, and secure record-keeping. They allow businesses to maintain the benefits of blockchain technology, such as immutability and transparency, without exposing sensitive data to the public.
