What differentiates blockchain for business from public blockchains?

The primary differentiation between blockchain for business and public blockchains lies in privacy concerns that lead to permissioned access. In a business context, organizations often need to restrict access to certain data to protect sensitive information and comply with regulatory requirements. Therefore, blockchain for business typically operates on a permissioned basis, where only authorized participants can view or interact with the blockchain. This contrasts with public blockchains, where data is visible to anyone, and anyone can participate without restrictions.

In a permissioned blockchain, participants can be vetted, ensuring that only trustworthy entities are engaged in transactions. This setup enhances security and maintains confidentiality, making it more suitable for businesses that require a controlled environment for their operations. By managing who has access and how they can interact with the data, businesses can address privacy concerns effectively and establish governance models tailored to their needs.