in BlockChain by
Q:
Private Blockchain allows organizations who have privacy and compliance regulations to implement Blockchain

1 Answer

0 votes
by

yeah ,its true

Because of this, anyone at any given point of time can join or leave/read/write/audit the public blockchain ecosystem and the network will still be trustless.

Trustless here means you need not set-up a trusted party or entity to overlook the operations on this type of blockchain and yet it will be censorship resistance.

The catch is that this type of self-governed, decentralized yet trustless autonomy is ensured on the system by its method of decision making which is very difficult or nearly impossible to tamper with. This decision making is called in this realm.

Click here to read more about BlockChain
Click here to read more about Insurance

Related questions

+2 votes
asked Aug 14, 2019 in BlockChain by Robindeniel
+3 votes
asked Aug 14, 2019 in BlockChain by rahulsharma
+3 votes
asked Aug 14, 2019 in BlockChain by rahulsharma
+3 votes
asked Aug 14, 2019 in BlockChain by rahulsharma
+2 votes
asked Aug 14, 2019 in BlockChain by rahulsharma
...