The Blockchain technology is transforming both currencies and commerce. Private Blockchains are built for organizations and are operated by the organizations only.
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Advantages of Private Blockchains
- Private Blockchains are decentralized peer-to-peer networks
- Participation in the network is allowed to only members
- Membership is totally controlled by the central consortium
- Fundamentally you will know with whom you are working with
- Execution of the protocol requires invitation
- Maintenance of the ledger needs validation
- Transactions are quick and highly confidential
- Transactions are operated by the controlling organization
- Strength varies according to the use
- Increased stability and scalability
- They are permissioned
- Transactions are censorable
“No more forging records, stealing data, manipulating orders”
There have been numerous attempts to make the whole business processes more transparent for several years. Blockchain is the new kick at the can. Numerous voices are heralding that this technology has the capacity to create a revolution in terms of making business decisions with confidence and clarity. Significant cost reduction is absolutely possible with Blockchain. It is called by many experts as “World Wide Ledger.”
Organizations can create their identity and start transacting with their restricted group in blocks. They can easily own and monetize data. Private Blockchains enables such a facility. Private Blockchains majorly works as a permissioned network. This method is expected to go mainstream with widespread adaptation soon. There are thousands of use cases for Private Blockchains. The Hyperledger project from the Linux Foundation, R3CEV’s Corda, and the Gem Health network are some of the examples of Private Blockchain.
How Can OpenXcell Help You in Getting Your Private Blockchain?
Experts from OpenXcell will help you to:
- Build and connect to a Private Blockchain
- Customize the Blockchain parameters
- Customize the runtime parameters
- Create multiple key values
- Create Identity databases on your Blocks
- Track and verify at all network level
- Dynamically control all transactions
- Dynamically control assets
- Take full control of every aspect of your business
"Often times we would have items come up unplanned. We would have to work through the night, and they literally worked around the clock. That’s what made OpenXcell a good partner..."
Head of Marketing, Google India
"There's often language barriers and cultural differences that make it challenging. OpenXcell did a great job with that. We communicated well. They got the idea."
President, Netqwerk (Business Networking Startup)
delivered to clients
CMMI Level 3