Permissioned Blockchain

A permissioned blockchain is a type of blockchain where access is restricted to specific users or organizations. Unlike public blockchains, where anyone can participate, permissioned blockchains require approval to join the network. This allows for greater control over who can see and contribute to the data, making them suitable for businesses and organizations that require privacy and security. Transactions on permissioned blockchains are often faster and more efficient since the number of participants is limited, and trust can be established among known entities.