Home> Blockchain News> Public or private? Blockchain advantage is no longer popular?

Public or private? Blockchain advantage is no longer popular?

Author:Hubi Date:2018-06-04 17:28:26

"Integration" may mean different things to different people in the blockchain, but the word has recently appeared in the blockchain public language more and more, especially in the industry of blockchain.

For some people, this simply means that innovations developed on public blockchains driven by cryptocurrencies can be used on private blockchains used by companies, and vice versa. But for others, the rise of the word suggests that once the boundaries between these categories are overshadowed, they begin to fade.

As companies begin to realize the advantages of public chains, new technologies can enable different types of ledgers to communicate with each other; and the central bank considers the issuance of a digital version of the legal currency that can be used to settle blockchain assets; naming is evolving to adapt to the times.

"I hope that after a year, most people think that it is absurd to say 'private network' or 'public network'," said John Wolpert, former head of blockchain at IBM Corp., in a "meeting" in 2018. As early as 2015 John Wolpert said that the blockchain industry needs to be divided into public and private sectors. But for him, it is increasingly clear that the industry is moving to another path.

John Wolpert's own experience also supports this idea. He left IBM last fall and was in the Ethereum design studio as a new job seeking awesomeness. In fact, seeing the big names of blockchain companies from all over the world focusing on the public sector startups is a clear sign.

In another example, the new project of former PM Morgan blockchain chain Amber Baldet, Clovyr, is establishing middleware development tools and connectivity services to achieve convergence. Baldet told the media that there are many legitimate reasons for people to use private networks, whether it is to increase privacy, control corporate governance, or "calculating costly games for performance and cost-effectiveness," she said, adding that " As public networks gain value and they become places for customers, connectivity will be a clear evolution.