Private versus public blockchain

Many flavors of blockchain have evolved over the years, and several iterations have been undertaken to achieve business value. There are more than a thousand startups launching their products with distributed blockchain applications. When it is about business, it is important to know best-fit solutions. 

From its birth, blockchain has been permissionless, open to the public without exception. You can download the node software and view the entire history of blockchain, initiate transactions, and store information. This makes life for end users easy; however, businesses interested in deploying blockchain may see this as a big challenge.

Public blockchains do carry some critical disadvantages when it comes to business. Businesses are usually more interested in private blockchains to create blockchain solutions with better privacy and security...