With distributed ledger technology and blockchain, you can enable reliable data sharing and process automation beyond the limits.
A private blockchain network is a decentralized peer-to-peer network, comparable to a public blockchain network. However, the network is governed by a single organization, which determines who is authorized to participate, implements a consensus procedure, and maintains the shared ledger. Depending on the use case, this can greatly increase participant trust and confidence. A private blockchain can be used within a company’s firewall and even hosted on-site.