A private blockchain is a type of blockchain that is restricted to a select group of participants. Unlike public blockchains, access to private blockchains is permissioned, allowing only authorized entities to validate transactions and access data. This provides greater control, privacy, and security for businesses that require confidentiality and regulatory compliance. Private blockchains are ideal for enterprises needing secure, fast, and scalable blockchain solutions, often used in industries like finance, healthcare, and supply chain management where data protection is a top priority.
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