Private Blockchain is an absolute opposite of public blockchain.It is because many functions that are open to all on a public blockchains aren’t open here to all here .n private blockchains, the owner of the blockchain is a single entity or an enterprise which can override/delete commands on a blockchain if needed. That’s why in its true sense it is not decentralized and hence can just be called a distributed ledger or database with cryptography to secure it.
But in other sense, it is much less secure and closed as compared to public blockchain because it can be edited/written or read as when wished and deemed fit by the benefiting parties.
While people mostly associate Blockchain with cryptocurrency like BitCoin, we utilize the technology in a variety of additional use cases including financial services, supply chain, retail, logistics. We build side projects and do research with cutting-edge blockchain and crypto technologies.