What do we usually call a permissioned chain?
What do we usually call a permissioned chain? What is a permissioned blockchain?
What do we usually call a permissioned chain? What is a permissioned blockchain?
In the Internet, users and companies are defined as “producers,” while the network is controlled by consumers. In order to achieve this goal, they must use distributed ledger technology (DLT), and this data is secure, reliable, and can be traced back to the original owners. This means that anyone can verify their identity information, access, or participate in the work of the protocol. This approach enables businesses to improve scalability and reduce costs by sharing transaction history with other entities. However, if one day there is a need to upgrade all nodes significantly to adapt to new requirements, developers will have to change the existing infrastructure, thereby accelerating the construction of new business processes.
Although most enterprises are creators of enterprise applications running on their public cloud platforms, in many cases, it cannot simply execute operations like some centralized systems. For example, many software engineers of large technology startups cannot fully understand this due to certain types of network failures or uncertainties. As more business models adopt permissioned solutions, we have realized this possibility. Nevertheless, we still see more and more companies starting to consider permissioned chain-based applications and how to leverage them to enhance efficiency.
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