The blockchain is transforming the world in a unique way. It is enabling enterprise, government and other organization to handle their workflow better and improve their systems with better solutions. Now, it’s changing how we store data, access it and use it to improve the never-ending cycle of technological-growth. It also impacts other aspects of our technology including how we instill trust in a network.
Blockchain can be used in three different ways: private, public and hybrid. If you have read about blockchain in the past, you might have an idea on how private and public blockchain works. For those who don’t know, we will discuss them in detail below. However, the third way, i.e., Hybrid might have more impact on the different industries. The hybrid blockchain is the mix of both the worlds, both private and public blockchain. This gives the organizations better control on what they want to achieve rather than change their plans on the limitation of the technology.