TerraGreen Private Blockchain

Private blockchains can only be used by those who have been invited by the network’s administrators. Users include companies that are seeking to make an investment in blockchain technology; for example, integration into record keeping procedures without exposing sensitive data on the internet.

Blockchains that are private or permission work similarly to public blockchains but with access controls that restrict those that can join the network, meaning it operates like a centralized database system of the present that limits access to certain users. Private Blockchains consists of one or multiple entities that control the network, which leads to the reliance on third-parties to transact. A well-known example would be Hyperledger.

Private blockchain within TerraGreen certainly has the potential to save millions of dollars for various industries by reducing many different types of behind the scene expenditures that can be automated in a trusted way through blockchain technology