return to Network Access Control

A private network limits access to the network to individuals or nodes granted and verified to have permission to participate in joining, leaving, reading, writing, and auditing activities on the network. A participant joins a private network only through an authentic and verified invitation; validation is performed either by the network operator(s) or using a clearly defined set of protocols implemented by the network.¹⁾

Enterprise Permissioned²⁾:

The enterprise controls the resources and access to the blockchain, hence private and/or permissioned.

Faster Transactions³⁾:

When you distribute the nodes locally, but also have far fewer nodes that participate in the ledger, performance is faster.

Better Scalability⁴⁾:

Being able to add nodes and services on demand can provide a great advantage to the enterprise.

Compliance Support⁵⁾:

As an enterprise, you would likely have compliance requirements to adhere to; having control of your infrastructure enhances ability to satisfy this requirement more seamlessly.

Consensus More Efficient (fewer nodes)⁶⁾:

Enterprise or private blockchains have fewer nodes and usually a different consensus algorithm, such as BFT vs PoW.