Permissioned

A permissioned blockchain is a type of blockchain network where access is restricted to approved participants. Unlike permissionless blockchains, which allow anyone to join and participate, permissioned blockchains offer greater control and privacy by limiting network activity to verified users. This model is often used in enterprise settings, where organizations need to ensure data confidentiality, compliance with regulatory requirements, and control over who can access and interact with the network. Permissioned blockchains provide the benefits of blockchain technology, such as transparency, immutability, and security, while allowing for more efficient and secure management of sensitive information.

Permissioned blockchains are particularly useful in industries where privacy and control are paramount, such as finance, healthcare, and supply chain management. For example, a bank might use a permissioned blockchain to streamline internal processes while ensuring that only authorized employees can view or modify transaction records. Similarly, in a supply chain, a permissioned blockchain can be used to track goods from production to delivery, with each participant having access only to the data relevant to their role. This selective access ensures that sensitive information is protected while still enabling transparency and traceability within the network.