Blockchain development service
Blockchain is a new data structure with an automated way to enforce trust among participants. Consensus algorithms ensure that all participants agree on the data stored within the blockchain. Blockchain opens the door to disrupt any industry that relies on a central authority to confirm authenticity. It also allows independent, and even competing organizations, to share information to gain efficiencies across an industry.
A blockchain can be both permissionless (like Bitcoin or Ethereum) or permissioned (like the different Hyperledger blockchain frameworks). A permissionless blockchain is also known as a public blockchain, because anyone can join the network. A permissioned blockchain, or private blockchain, requires pre-verification of the participating parties within the network, and these parties are usually known to each other